26 May Banco de España Application Of MREL In The Age Of COVID-19
May 6, 2020 -Banco de España (BdE) will apply flexibility measures on minimum requirements for own funds and eligible liabilities (MREL) in line with the Single Resolution Board (SRB) approach due to COVID-19. The purpose of these measures is to ensure that the short-term MREL requirements do not prevent credit institutions from lending to firms and households.
Jurisdictions affected: Spain
For more information please visit Banco de España.