The Single Resolution Board (SRB) has published its 2017 policy statement on the minimum requirement for own funds and eligible liabilities (MREL), which serves as a basis for setting consolidated MREL targets for banks under the remit of the SRB. Among other things the policy statement mentions that the SRB is adopting a proportionate approach for banks to build their MREL by setting bank-specific transition periods with a maximum horizon of four years, with interim targets for transition periods exceeding two years.

View Minimum requirement for own funds and eligible liabilities – SRB policy for 2017 and next steps, 21 December 2017