SEB Nordic Outlook
MREL requirement under current Swedish framework (BRRD1)
SEB's total capital and MREL requirements under current Swedish framework
(BRRD1)
SEB's capital base and outstanding senior debt with maturity >1 year
30 September 2021, % of REA
30 September 2021, % of REA
37.3
19.6%
10.3%
Senior debt with maturity > 1y
26.2%
9.8%
Recap. amount
under MREL
4.0%
Senior non-preferred debt
=> SEK 74bn 1
16.4%
Recapitalisation
CBR under
9.8%
amount (P1+P2R)
6.6%
Pillar 1
1.8%
Pillar 2
16.4%
requirement
9.8%
8%
Min. requirement
Pillar 1
Loss-absorption
amount (P1+P2R)
Total capital requirement (excl. Loss absorption + Recap Total capital requirement (excl.
P2G)
amount
P2G) +Recap amount
23.0%
Total capital base
Capital base and MREL eligible debt
Under current Swedish framework, the recapitalisation amount must be met with senior debt (Liability Proportion Principle)
45
1 Recapitalisation amount based on applicable capital requirements at 30 September 2021.
SEBView entire presentation