26/05/2021 (Agence Europe) – On Wednesday 26 May, the Single Resolution Board (SRB) updated its policy on minimum requirements for own funds and eligible liabilities (MREL) for 2021, to ensure that in case of resolution, a large bank has eligible assets so as to minimise the need for a public financial support. As highlighted by the European authority, this updated policy introduces a number of new elements and improvements based on changes required by the EU prudential framework for the banking sector. The published document addresses issues relating to calibration, MREL subordination requirements, asset eligibility and transitional measures. More info: https://bit.ly/3vov6VD (MB)