The rule in plain words
Minimum requirement for own funds and eligible liabilities (MREL) must be reported.
EBA checks it for five rows: own funds and eligible liabilities, own funds, eligible liabilities, eligible liabilities items before adjustments, and eligible liabilities subordinated to excluded liabilities. That makes five checks. A failure names the one that failed.
How the Line4 Check report words itShowHide
The first of its checks, word for word as the report shows it when it fails. The others read the same, with their own column, row or sheet.
Minimum requirement for own funds and eligible liabilities (MREL): Own funds and eligible liabilities is reported
What to do if your filing fails it
- 01Open the template below and find the cells the rule reads.
- 02Report a value in this cell. A 0 counts as reported; a cell left out of the file does not.
- 03It runs only when your filing indicators mark M 02.00 as reported.
- 04This is a warning. It does not stop the filing on its own, but your authority may ask you to explain it.
The cells it reads
MREL and TLAC capacity and composition (resolution groups / entities) (TLAC1) (I) (M 02.00.a)
Rows
- 0010Own funds and eligible liabilities
- 0020(Eligible) Own funds
- 0060Eligible liabilities
- 0070Eligible liabilities items before adjustments
- 0090Eligible liabilities subordinated to excluded liabilities
Column
- 0010Minimum requirement for own funds and eligible liabilities (MREL)
Show the rule as writtenShowHide
EBA's formula, as written out for the first of its checks. Cells are written as {template, row, column, sheet}.
not(empty({M_02.00.a,r0010,c0010,}))The next four:
not(empty({M_02.00.a,r0060,c0010,}))not(empty({M_02.00.a,r0090,c0010,}))not(empty({M_02.00.a,r0070,c0010,}))not(empty({M_02.00.a,r0020,c0010,}))Other rules on M 02.00.a
- A check on MREL and TLAC capacity and composition (resolution groups / entities) (TLAC1) (I), and MREL and TLAC capacity and composition (resolution groups / entities) (TLAC1) (III) (M 02.00.c, v10769_m)Not run yet
- A check on MREL and TLAC capacity and composition (resolution groups / entities) (TLAC1) (I), and MREL and TLAC capacity and composition (resolution groups / entities) (TLAC1) (III) (M 02.00.c, v10768_m)Not run yet
- A check on MREL and TLAC capacity and composition (resolution groups / entities) (TLAC1) (I), and MREL and TLAC capacity and composition (resolution groups / entities) (TLAC1) (III) (M 02.00.c, v10767_m)Not run yet
- Investments in subordinated eligible liabilities of other institutions (under memorandum items) must equal the sum of its three parts (v10766_m)Warning
- Combined buffer requirement must equal the sum of its four parts (v10765_m)Warning
- Deductions must equal the sum of its two parts (v10764_m)Warning
- Eligible liabilities not subordinated to excluded liabilities must equal the sum of its three parts (row 0140, v10763_m)Warning
- Eligible liabilities not subordinated to excluded liabilities must equal the sum of its three parts (row 0140, v10762_m)Warning
Every MREL and TLAC rule, by template
Checks like this one, run at the point of submission, are the first step to real-time supervision.