Single Resolution Board sets resolution strategy for BNG Bank
22 March 2019 0:00 - The Hague
Based on the current SRB guidelines, an MREL requirement equal to the Loss Absorption Amount, consisting of Pillar 1 and Pillar 2 requirements plus the combined buffer requirement applies. Hence, the current capitalisation is sufficient to meet the MREL requirements. In two years, the SRB will evaluate the decision taken in accordance with legislation.