19/09/23 (Agence Europe) – At the end of 2022, two-thirds of the major banks in the euro area banking union had already reached their quantitative target for MREL assets that could be mobilised in the event of a bank resolution, i.e. one year before the regulatory obligation, according to the Single Resolution Board (SRB), the European agency responsible for resolving these institutions in the event of failure, on Tuesday 19 September. As a result, the overall shortfall in MREL assets...