SRB publishes MREL dashboard

The dashboard shows that, on the whole, banks continue to make progress in building up their level of MREL, the financial instruments each bank must hold to absorb losses and recapitalise in the event of a failure. The final deadline for the build-up is 1 of January 2024, and the intermediate binding target date was 1 January 2022. The dashboard shows that the shortfall against the 2024 target reduced in the reporting period, and most banks either closed or reduced their shortfalls against the 2022 intermediate target in that quarter.

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