The rule in plain words
Internal MREL must be reported.
EBA checks it for six rows: level of application, total risk exposure amount, total exposure measure, eligible own funds and eligible liabilities, own funds and eligible liabilities as a percentage of the total risk exposure amount, and own funds and eligible liabilities as a percentage of the total exposure measure. That makes six 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.
Internal MREL: Total exposure measure 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 03.00 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
Internal MREL and internal TLAC (ILAC) (M 03.00)
Rows
- 0010Level of application
- 0100Total risk exposure amount
- 0110Total exposure measure
- 0200Eligible own funds and eligible liabilities
- 0400Own funds and eligible liabilities as a percentage of the total risk exposure amount
- 0420Own funds and eligible liabilities as a percentage of the total exposure measure
Column
- 0010Internal 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_03.00,r0110,c0010,}))The next five:
not(empty({M_03.00,r0420,c0010,}))not(empty({M_03.00,r0400,c0010,}))not(empty({M_03.00,r0200,c0010,}))not(empty({M_03.00,r0100,c0010,}))not(empty({M_03.00,r0010,c0010,}))Other rules on M 03.00
- Eligible own funds and eligible liabilities must equal the sum of its two parts (v10774_m)Warning
- Eligible own funds and eligible liabilities must equal the sum of its two parts (v10775_m)Warning
- Eligible liabilities and guarantees must equal the sum of its five parts (v10776_m)Warning
- If guarantees provided by the resolution entity and permitted by the resolution authority is reported, memorandum item: collateralised part of the guarantee must be reported (v10778_m)Warning
- A check on internal MREL and internal TLAC (ILAC) (v10779_m)Not run yet
- Eligible own funds and eligible liabilities must equal own funds and eligible liabilities as a percentage of the total risk exposure amount times total risk exposure amount (v10780_m)Warning
- Guarantees provided by the resolution entity and permitted by the resolution authority must equal permitted guarantees times total risk exposure amount (v10781_m)Warning
- Eligible own funds and eligible liabilities must equal own funds and eligible liabilities as a percentage of the total exposure measure times total exposure measure (v10782_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.