Resolution planning: MREL reporting

Consultation Paper 1/18
Published on 08 January 2018

Background

In this consultation paper (CP), the Prudential Regulation Authority (PRA) sets out its proposed expectations for reporting on the minimum requirement for own funds and eligible liabilities (MREL) through updates to Supervisory Statement (SS) 19/13 ‘Resolution planning’.

The CP is relevant to PRA-authorised UK banks, building societies, UK designated investment firms and their qualifying parent undertakings (collectively referred to as ‘firms’), to which the Resolution Pack Part of the PRA Rulebook applies. In particular, this would be most relevant to:

Summary of proposals

The purpose of the proposals in this CP is to provide the PRA and the Bank of England (authorities) with information to monitor firms’ progress towards meeting interim MREL, and eventual compliance with end-state MREL to ensure that the policy objectives that underpin MREL are met. The CP includes three implementation timelines in Chapter 2.

Responses and next steps

This consultation closes on Monday 9 April 2018. The PRA invites feedback on the proposals set out in this consultation. Please address any comments or enquiries to CP1_18@bankofengland.co.uk.

Documents in appendix to draft supervisory statement:

Name  Data item  Guidance 
MRL01.00  MREL Resources   ExcelMREL reporting templates   PDFGuidance on reporting templates and definitions
MRL02.00  MREL Resources Forecast
MRL03.00  MREL Debt

Was this page useful?
Add your details...