The Single Resolution Board (SRB) has clarified its interpretation on its MREL policy lines during the coronavirus situation.
In a blog published on 8 April, Elke König, the Chair of SRB, sheds light on how the minimum requirements for own funds and eligible liabilities (MREL) are considered and monitored in the current challenging economic and coronavirus situation.
The clarifications complement the policies set forth previously by the SRB, which are geared to supporting the operating capability of institutions within the boundaries of regulation and to ensuring their consistent treatment in the coronavirus situation. The Financial Stability Authority (FFSA) will take the SRB's policy lines into account with respect to institutions under its remit.
SRB Elke König’s blog (In English): COVID-19 crisis: the SRB's approach to MREL targets
