Decisions on BankNordik's MREL
The Danish Financial Supervisory Authority (FSA) updates BankNordik’s minimum requirement for own funds and eligible liabilities (MREL) on an annual basis and the conclusion is published here on BankNordik’s website.
The MREL is part of EU regulations put in place to ensure that banks have enough liabilities to absorb any potential losses without recourse to public funds.
On 26 November 2019, the FSA assigned BankNordik an MREL requirement of 30.5% of the Group’s risk-weighted assets as per year-end 2018. The requirement will be phased in from 2020-2025. Closer details can be found in the FSA’s decision attached in the document below (in Danish only).