RegAlert2022-09-19 | NBB_2022_21Added
Circular NBB_2022_21 of the Resolution College on the methodology and assessment criteria used to decide whether the specific MREL requirement for top-tier institutions should be applied to a non-top-tier institution
The Resolution College of the National Bank of Belgium applies a three-step methodology to determine whether the specific MREL requirement for top-tier institutions must be applied to non-top-tier entities within resolution groups having total assets of less than EUR 100 billion. This process assesses whether the failure of such an entity would likely pose a systemic risk, whether applying the higher requirement is necessary given existing MREL levels, and whether the application is proportionate based on funding models and access to capital markets. The criteria evaluate the predominance of deposits, access to eligible liability markets, and reliance on Tier 1 core capital for MREL compliance.
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Circular
Brussels, 19 September 2022
Reference: NBB_2022_21
your correspondent:
Grégory Nguyen tel. +32 2 221 55 17 gregory.nguyen@nbb.be
Circular of the Resolution College of the National Bank of Belgium on the methodology and assessment criteria it uses to decide whether the specific MREL requirement for top-tier institutions should be applied to a non-top-tier institution
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Source: National Bank of Belgium — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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