EU banks get different MREL levels and deadlines
Average bail-in requirement is 28% of RWAs
A number of European banks will have to hold funds and eligible liabilities equivalent to 28% of their risk-weighted assets on average, their respective central banks have said.
Beginning in December 2017, Handelsbanken, Nordea, SEB and Swedbank were notified of the new minimum requirement for own funds and eligible liabilities (MREL) set up by the Single Resolution Board (SRB).
In May, AIB, Banco Sabadell, Bank of Ireland, BBVA, KBC, OP Financial Group, Santander and UniCredit were also
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