SRB to monitor regulatory changes

The SRB will monitor regulatory changes related to competent authorities’ discretion to temporarily exclude certain exposures to central banks from the calculation of an institution’s total exposure measure (i.e. leverage amount), as granted by the Regulation (EU) 575/2013 (“CRR”). In September 2020 the ECB used this temporary measure to facilitate the implementation of its monetary policy during the Covid-19 pandemic. As announced by the ECB, banks may benefit from the relief measure until the end of March 2022. The leverage ratio requirement and the leverage amount can influence the calibration of the final MREL targets as well as the compliance with the requirements at 1 January 2024.

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