Regulatory Alerts2023-02-07
Added · Updated
Circular for Credit Institutions on MREL Reporting
Resolution reporting officers of credit institutions must use a checklist published by the SRB as guidance when reporting liabilities to be considered MREL eligible during quarterly reporting. These institutions are also required to complete a sign-off form with each quarterly submission to provide additional assurance on liabilities reported as eligible for MREL. The sign-off form must be submitted via the LH Portal starting with the quarterly reporting with reference date 31 December 2022. This requirement applies to all credit institutions that do not fall within the remit of the Single Resolution Board.
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