Comunicati Stampa - Italia - BFF Banking Group
Press Releases
18 Sep 2023 - 16:45
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BFF receives its updated MREL requirements
Bank of Italy informed BFF of its updated consolidated minimum requirements for own funds and eligible liabilities (MREL)
Milan, 18th September 2023 – Today Bank of Italy, following the conclusion of the administrative process to determine the consolidated minimum requirements for own funds and eligible liabilities (“MREL”), informed that, starting from 1st January 2025, BFF Bank S.p.A. (“BFF”) shall comply with the following consolidated capital requirements:
- MREL in terms of TREA (Total Risk Exposure Amount) equal to 22.35% (included the CBR Combined Buffer Requirement of 2.50%);
- MREL in terms of LRE (Leverage Ratio Exposure) equal to 5.42%.
The new requirements replace the previous ones communicated in October 2022.
No subordination requirement has been assigned to BFF to comply with the requirements and the calculation of other eligible liabilities.
BFF has already considered the updated MREL requirements in its strategic and funding planning.