Out of a panel of 222 banks representing 80% of the assets covered by a bank resolution strategy, 105 banks were in compliance at the end of 2018 with their minimum requirements for own funds and eligible liabilities (MREL) that could be mobilised in the event of a bank resolution, while a total shortfall of €178 billion in MREL-eligible instruments was reported for the other banks in the panel.
These are the main findings of the first quantitative Report on compliance with the...