COMMUNICATION TO THE PUBLIC OF INSIDE INFORMATION PURSUANT TO ART. 17 OF REGULATION (EU) NO. 596/2014 AND REGULATED INFORMATION PURSUANT TO DIRECTIVE 2004/109/EC AS AMENDED
Cassa Centrale Group: Determination of MREL requirements
The new MREL decision confirms that, from the date of its receipt, Cassa Centrale Group will be required to comply on a consolidated basis with an MREL-TREA requirement, excluding the combined capital buffer requirement component, of 22.91% of risk-weighted assets and an MREL-LRE requirement equal to 5.91% of leverage exposure.
Trento, 28/03/2024 – Cassa Centrale Banca announces that it has received notification of the decision regarding the Minimum Requirement for own funds and Eligible Liabilities (MREL) from the Single Resolution Committee and from the Bank of Italy. This decision takes effect on the date of its notification to the relevant national resolution authority and repeals and supersedes the previous decision of April 5, 2023.
From the receipt of the new MREL decision, Cassa Centrale Group will be required to comply on a consolidated basis with an MREL-TREA requirement, excluding the combined capital buffer requirement, of 22.91% of risk-weighted assets and an MREL-LRE requirement equal to 5.91% of leverage exposure.
The decision also sets out the individual MREL requirements to be complied with for Affiliated Banks that fall within the scope of “Relevant Legal Entities” since the 2023 Resolution Cycle.