CRR discretion on leverage and MREL calibration

Due to the impacted calculation of the total exposure measure, as appropriate, the SRB will calculate notional final MREL targets based on the leverage ratio of institutions including central bank exposures. The SRB will communicate these notional targets to institutions affected by the relief measure as part of the 2021 resolution planning cycle and use them to monitor institutions' build-up of MREL resources towards the final MREL targets.

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