Arion Bank: The Central Bank of Iceland Resolution Authority approves the Bank‘s resolution plan and sets the minimum requirement for own funds and other eligible liabilities (MREL)
Prenumeration
Beskrivning
| Land | Island |
|---|---|
| Lista | Large Cap Iceland |
| Sektor | Finans |
| Industri | Bank |
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The Central Bank of Iceland Resolution Authority has today approved the resolution plan for Arion Bank hf.
With the approval of the resolution plan, the Resolution Authority made a decision on the minimum requirement for own funds and other eligible liabilities (MREL), in accordance with the Act on Resolution of Credit Institutions and Investment Firms, no. 70/2020, as amended.
Arion Bank's MREL requirements are for 20.2% of Total Risk Exposure Amount, and 6.0% of the Total Exposure Measure. The MREL calculation is based on year-end 2022 balance sheet data. The requirements apply from the date of the announcement.