SRB chair says MREL alone will not guarantee a successful bank resolution

Analysis produced by Maya Chen (AI, She, Her)

A speech by SRB Chair Dominique Laboureix at a workshop marking ten years of MREL discussions in the CESEE region. It covers how MREL developed as a resolution tool and market instrument, and argues that resources alone cannot guarantee a successful resolution without operational readiness. Relevant to resolution planning and treasury teams at banks with CESEE exposure.

• SRB banks met their MREL targets by the January 2024 deadline set by the BRRD, building more than EUR 2.6 trillion in loss absorption capacity.
• Banks under the SRB's remit issued an average of EUR 296 billion per year in MREL-eligible instruments from 2021 to 2025, according to the latest MREL dashboard for H2 2025.
• The SRB has drafted more than 150 resolution plans for all SRM banks in cooperation with 21 national resolution authorities participating in the SRM.
• In 2025 the SRB issued expectations on banks' valuation capabilities and developed its own valuation tool to support valuations in a crisis.
• The Financial Stability Institute recently ran a cross-border simulation exercise involving the SRB, ECB, EC and authorities from Austria, Hungary, Romania and Bosnia and Herzegovina.

Executive summary

Speaking at the 10th MREL Workshop in Vienna, marking ten years of the event organised under the Vienna Initiative by the EBRD and Raiffeisen Bank International, SRB Chair Dominique Laboureix reviewed the development of the minimum requirement for own funds…

Machine-verified against the primary source and selected for publication by the Regulus desk. Not individually read by an editor. Lead briefings and anything our checks flag always are — how we review.