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EU banks maintained their MREL targets in second quarter of 2024, SRB says

( November 7, 2024, 15:24 GMT | Official Statement) -- MLex Summary: EU financial entities that had to comply with their Minimum Requirements for own funds and Eligible Liabilities (MREL) targets as of Jan. 1 continue to meet their requirements, according to the Single Resolution Board's dashboard for the second quarter of 2024. The dashboard, published today, shows that the total MREL shortfall against final targets of resolution entities decreased to 3.7 billion euros. Banks under the board's remit overall issued 52.3 billion euros of MREL-eligible instruments, the document adds.Press release follows. The dashboard is attached. ...

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