SRB and EBA policy statements
Guidelines and policy statements issued by the Single Resolution Board (SRB) and the European Banking Authority are listed below by category.
SRB and EBA policy statements concerning MREL
SRB has defined the eligibility of financial instruments issued under UK law (UK law instruments) for MREL if they do not include a contractual bail-in recognition clause.
The SRB has published checklists and forms that provide assurance on MREL instrument eligibility and that must be signed by the bank’s senior management.
The Single Resolution Board (SRB) publishes on its website its MREL dashboard (Minimum Requirements for Own Funds and Eligible Liabilities), which is designed to present an overview of the MREL situation in the banks within its competence and of the costs and availability of borrowing. The MREL dashboard is based on the data provided to the SRB by the banks and is published quarterly.
SRB and EBA policy statements concerning resolution planning
The SRB has published its RPC Booklet for the Resolution Planning Cycle 2021. Its purpose is to inform stakeholders in more detail of the main processes and phases of the current RPC that was launched on 1 April 2021, applicable to institutions under the SRB's direct remit.
The SRB has published guidance on liquidity and funding in resolution, providing institutions with further information on the identification of key liquidity entities and drivers in the context of resolution planning. The guidance complements the SRB's expectations presented in the “Expectations for Banks” document on the methodology that should be applied by institutions to estimate their liquidity position in resolution.