On 9 September 2026 the European Banking Authority confirmed that the European Commission had declined to endorse its draft technical standards to shorten the prior permission window for reducing own funds and eligible liabilities instruments. For capital and resolution teams, that confirmation carries one practical instruction: keep timing calls, redemptions and buybacks around the existing…
If a bank wants to call a senior non-preferred note before its contractual maturity, the treasury desk has the cash ready, the replacement issue priced, and one thing standing in the way: a permission from the Single Resolution Board. Get the timing of that permission wrong and the whole liability-management exercise slips a quarter. That…
If your MREL reporting has settled into a routine since the 1 January 2024 binding target deadline, the EBA just gave you a reason to reopen the file. On 24 March 2026, the EBA published its second Impact Assessment Report on the Minimum Requirement for Own Funds and Eligible Liabilities (MREL), mandated under Article 45l(2)…
Your resolution authority has set your MREL requirement. You know the number. What you may not know is how to prove, every quarter, that you meet it. MREL reporting is not a single template and a single submission. It is a set of interlocking templates covering key metrics, creditor ranking, funding structure, maturity profiles, and…
Your treasury team wants to call an AT1 instrument. The economics are clear, the replacement is lined up, and the board has signed off. But you cannot pick up the phone and announce the call tomorrow. You need MREL prior permission first. And if you miss the application deadline or submit incomplete documentation, you are…