SRB commits to ‘forward looking’ MREL approach amid Covid-19

EU_coronavrius_warning_Adobe_575x375_090420
By Tyler Davies
09 Apr 2020

The Single Resolution Board will take what it describes as a "forward looking" approach with banks that might struggle to meet their minimum requirements for own funds and eligible liabilities (MREL), though it will also be sticking to its original deadlines for these targets.

The SRB published a new blog on Wednesday in which it gave some additional clarity about its approach to MREL.

SRB chair Elke König said that it was important that “short-term MREL constraints” do not prevent banks from lending to the real economy through the coronavirus ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial