The template it checks
Internal MREL and internal TLAC (ILAC) (M 03.00)
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EBA's formula. Cells are written as {template, row, column, sheet}.
if (not(empty({M_03.00,r0270,c0010,}))) then ({M_03.00,r0280,c0010,} >= 0.5 * {M_03.00,r0270,c0010,}) else TrueOther rules on M 03.00
- 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
- 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 liabilities and guarantees must equal the sum of its five parts (v10776_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
- Eligible own funds and eligible liabilities must equal the sum of its two parts (v10775_m)Warning
- Guarantees provided by the resolution entity and permitted by the resolution authority must equal permitted guarantees times total exposure measure (v10783_m)Warning
- Eligible own funds and eligible liabilities must equal the sum of its two parts (v10774_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.