The European Banking Authority (EBA) published its latest semi-annual MREL dashboard on 22 June 2026, revealing that minimum requirement for own funds and eligible liabilities (MREL) binding requirements range from 24.6% to 28.9% of risk-weighted assets (RWAs) depending on bank category, while bail-in remains the preferred resolution strategy for 94% of RWAs. The dashboard, based on data as of December 2025, covers 303 resolution entities across the EU and highlights EUR 231 billion in rollover needs over the next 12 months for instruments set to become ineligible.
For global systemically important institutions (G-SIIs), the average external MREL binding requirement including the combined buffer requirement stands at 28.9% of RWAs, with a subordination requirement of 21.4%. Top-tier and 'fished' banks face a requirement of 28.4% of RWAs, with subordination at 21.7%, while other banks have a lower requirement of 24.6% of RWAs. Banks primarily meet MREL through own funds instruments, which account for 19.8% of RWAs for G-SIIs, 21.5% for top-tier/fished banks, and 21.9% for other banks. Eligible liabilities are mainly composed of senior non-preferred debt for G-SIIs and top-tier/fished banks (8.0% and 7.5% of RWAs respectively) and senior unsecured debt for other banks (6.3% of RWAs).
The dashboard also notes that bail-in remains the preferred resolution strategy in terms of RWAs (94%), while in terms of number of decisions, bail-in (52%) and transfer (48%) strategies are broadly balanced, reflecting a tendency to favour transfer strategies for smaller banks. This edition is the first to reflect the new Implementing Technical Standards (ITS) on reporting of MREL decisions, which introduced a semi-annual reporting cycle replacing the previous annual submission. The EBA publishes the dashboard under its mandate from the Bank Recovery and Resolution Directive (BRRD) to monitor MREL setting and resource build-up. The BRRD set 1 January 2024 as the deadline to meet MREL requirements, with exceptions for banks that recently changed resolution strategy or those eligible for an extension.
The findings impact several stakeholders. EU resolution authorities and banks face ongoing monitoring and compliance costs, with rollover needs of EUR 231 billion requiring refinancing over the next year. G-SIIs and top-tier banks, which hold higher MREL requirements, must maintain significant loss-absorbing capacity, potentially affecting their cost of funding and capital allocation. Smaller banks, often using transfer strategies, may face lower MREL burdens but could be subject to different resolution planning requirements. Investors in bank debt instruments, particularly senior non-preferred and unsecured debt, are directly affected by the composition of MREL resources and the potential for bail-in in resolution. The EBA's dashboard provides transparency on the state of resolution preparedness across the EU, supporting market discipline and financial stability.