The rule in plain words
Eligible liabilities items before adjustments must equal eligible liabilities.
All the values are in the minimum requirement for own funds and eligible liabilities (MREL) column (0010).
The template it checks
MREL and TLAC capacity and composition (resolution groups / entities) (TLAC1) (I) (M 02.00.a)
Row
- 0070Eligible liabilities items before adjustments
Column
- 0010Minimum requirement for own funds and eligible liabilities (MREL)
Funding structure of eligible liabilities (LIAB MREL) (M 04.00)
Row
- 0100Eligible liabilities
Column
- 0010Amount eligible for MREL / internal MREL
Show the rule as writtenShowHide
EBA's formula. Cells are written as {template, row, column, sheet}.
{M_02.00.a,r0070,c0010,} = {M_04.00,r0100,c0010,}Other rules on M 02.00.a
- A calculation check across MREL and TLAC capacity and composition (resolution groups / entities) (TLAC1), and creditor ranking (resolution entities) (TLAC3) (M 06.00, v10813_m)Warning
- Eligible liabilities items before adjustments must equal the sum of its two parts (v10847_h)Warning
- Minimum requirement for own funds and eligible liabilities (MREL) must be reported (e10772_e)Warning
- 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
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.
