SANTANDER BANK POLSKA SA: Letter of the Bank Guarantee Fund regarding the resolution of the issue of aid for the Santander Group of the fund and the resolution of MREL
The MREL requirement has been revised and should be revised by 31st 2023.
The bank is still in December with the amount of 13.35% TREA on the MREL website and 5.91% TEM on 31 to 2023.
The Bank Guarantee Fund, in agreement with the SRB, defined periodically periodic, inventoried period of the Bank until the end of each calendar year. 57% by 31 December 2022. Minimum mid-term targets for currencies in relation to TREA and respectively 10.69% at the time of communicating to the Bank about the agreement and making a decision on MREL on 31 December 2022.
Interim targets for TEMs of 3% at the time of the bank’s MREL agreement and decision and 4.46% by 31 December 2022.
At the same time, pursuant to Art. 19 paragraph 2, paragraph 3, art. 21 sec. 3, paragraph 3, art. 42 point 3 and art. 48 (3) of the Act on macroprudential supervision, secured by the transposition of Art. 128 CRD, instruments in jump capitals. Tier Banks (CET1) held by us, measurements I buffered, cannot be seized to count MREL-of-panels as a change in frequency of jumps to risk. These rules are not applicable to the application of the MREL as the MREL as a transferred company.
The intra-MREL objectives are unaffected and do not violate the limitation in Art. 92a and art. 494 of the CRR Regulation.
With regard to interactions at the level in Art. 92a of the CRR, the Fund, in agreement with the SRB, allow the Bank in accordance with the provisions of art. 72b paragraph. 3 of this regulation, to take advantage of the waiving of subordination to the condition under Art. 72b paragraph. 2 lit. (d) December CRR in December not exceeding a maximum of 2.5% TREA by 2021 and a maximum of 3.5% TREA from 1 January 2022 to meet these needed requirements.
In each subsequent course, it will update the MREL calendar score, along with all subsequent assessments, updates, or music exchanges in the bank’s ranking, the new grade.
Legal basis:
art. 17 sec. 1 of MAR – confidential information.