SRB opens a public consultation on the future review of MREL

The SRB opened on the 14th of December a public consultation on the future of the minimum requirements for own funds and eligible liabilities, or MREL, the minimum amount of equity and debt banks are required to hold to support an effective resolution without using taxpayers' money or industry-funded safety nets.

The consultation is part of the SRB’s strategic review to ensure the SRB remains optimally equipped for the future, building on lessons learned from recent crises in the US and Switzerland, together with past SRB resolution cases. It will run from 14 December 2023 to 13 February 2024.

In this alert, you will read more about the key focus areas and conclusions.