EBU Single Rulebook Q&A 6 September 2019 2019_4901 Minimum requirement for own funds and eligible liabilities (MREL) - Calibration

When setting a recapitalisation amount enabling the “resolution group resulting from resolution” to meet its prudential requirements “after the implementation of the preferred resolution strategy”, should the resolution authority consider the changes resulting from the whole sequence of actions which implements the preferred resolution strategy, irrespective of the point in time when they are