SRB, together with NRAs, publishes 1st part of 2018 MREL Policy

The Single Resolution Board (SRB), together with the Banking Union national resolution authorities (NRAs) publishes its 2018 policy statement on the minimum requirement for own funds and eligible liabilities (MREL), which serves as a basis for setting binding consolidated MREL targets for banks under the remit of the SRB pertaining to the first wave of resolution plans.