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Statistics on the MREL compliance of Swedish banks
Here you can read the Debt Office’s quarterly reports on how Swedish banks and financial institutions are meeting MREL requirements. The first of these reports was published in November 2019.
Reports
2022
9 September 2022
Minimum requirement for own funds and eligible liabilities (MREL), compliance Q2 2022
17 June 2022
Minimum requirement for own funds and eligible liabilities (MREL), compliance Q1 2022
8 March 2022
Crisis preparedness of Swedish banks – compliance with MREL requirements, Q4 2021
2021
2 December 2021
Crisis preparedness of Swedish banks – compliance with MREL requirements, Q3 2021
3 September 2021
Crisis preparedness of Swedish banks – compliance with MREL requirements, Q2 2021
31 May 2021
Crisis preparedness of Swedish banks – compliance with MREL requirements, Q1 2021
2 March 2021
Crisis preparedness of Swedish banks – compliance with MREL requirements, Q4 2020
2020
30 November 2020
Crisis preparedness of Swedish banks – compliance with the MREL requirement, Q3 2020
27 August 2020
Crisis preparedness of Swedish banks – compliance with the MREL requirement, Q2 2020
28 May 2020
Crisis preparedness of Swedish banks – compliance with the MREL requirement, Q1 2020
5 Mar 2020
Crisis preparedness of Swedish banks – compliance with the MREL requirement, Q4 2019
2019
29 Nov 2019
Crisis preparedness of Swedish banks – compliance with the MREL requirement, Q3 2019
About MREL
For the Debt Office to be able to carry out resolution effectively, the bank or institution must have sufficient own funds and liabilities that can be written down or converted into equity. Therefore, the Debt Office makes decisions on a minimum requirement for own funds and eligible liabilities for each bank and institution deemed systemically important.
This requirement is called the Minimum Requirement for own funds and Eligible Liabilities, referred to by the abbreviation MREL.
The purpose of MREL is to ensure there are sufficient own funds and liabilities that can be written down or converted into equity if a bank or institution is in crisis. This allows the central government to take quick action and maintain the critical functions of the bank or institution without using taxpayers’ money. The requirement also helps clarify which lenders are to bear the primary costs for crisis management.
In November 2019, the Debt Office began publishing all institutions’ individual compliance with their MREL requirements.