trending Market Intelligence /marketintelligence/en/news-insights/trending/QqzaJRFUuzJ24nPk7nscjQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Poland's Bank Guarantee Fund sets MREL target for Santander's local unit

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments

Poland's Bank Guarantee Fund sets MREL target for Santander's local unit

Poland's Bank Guarantee Fund set the minimum requirement for own funds and eligible liabilities for Banco Santander SA unit Santander Bank Polska SA, with a Jan. 1, 2023, deadline to meet it.

The requirement was set at 15.87% of the sum of the lender's total liabilities and own funds, which corresponds to 22.146% of its total risk exposure on the group level, the lender said in its Dec. 18 filing.

The Bank Guarantee Fund also set interim minimum requirement for own funds and eligible liabilities, or MREL, targets for the bank that will have to be met by the end of 2019, 2020 and 2021.

MREL requirements were also recently announced for PKO Bank Polski SA and Bank Pekao, with each of them planning to issue about 10 billion zlotys worth of bonds to meet the targets, news agency PAP said Dec. 19.

Meanwhile, the Polish Bank Association's head Krzysztof Pietraszkiewicz warned that local lenders could experience problems with placing large MREL-eligible bond issuances over a short period of time. "That process should be executed carefully, so that it does not become a source of generating very large burdens and reducing [the banking sector's] capacities to finance the Polish economy," Pietraszkiewicz told a conference, according to the news agency.

As of Dec. 19, US$1 was equivalent to 3.83 Polish zlotys.