( April 28, 2022, 07:59 GMT | Official Statement) -- MLex Summary: Eurozone banks have made progress in moving toward the full amount of financial instruments required to build a “failure cushion,” but at a slower pace, according to data published today by the Single Resolution Board. The shortfall in banks’ minimum requirement for own funds and eligible liabilities, or MREL, against the 2024 targets has now reached 16.6 billion euros. When compared to the third quarter of 2021, the shortfall has been reduced by 11.6 percent, or 2.2 billion euros.SRB MREL dashboard attached....
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