Dominique Laboureix's opening words at the SRB Press Breakfast 2025

[Check against delivery][Introduction]It is good to see you once again – both here and online - and I know I have said this in the past, but the relationship we have with you in the media is something I very much value, in order to help us to explain the work we are doing to a wider audience. It is a very busy news agenda, and I do appreciate your time here this morning. With that, I want to give you a short overview of our work, before then hearing from you, and taking your questions. [New Board Members / Vice-Chair]From this morning, I am pleased to say that the SRB has, for the very first time in its ten-year history, a gender balanced board. Our new board members, Slavka, Radek and our new Vice-Chair Miguel are taking up their duties as of about an hour ago! Better balance and better diversity in our staffing is something I raised in my hearing at ECON and is a central part of the SRM Vision 2028 strategy, and I am happy to see that this become a reality over time. Other progress at the SRB: At the SRB, we have made good progress in other areas too:First of all, at the end of third quarter of last year, no bank was falling short of their MREL requirement. Only four banks, with special situations, still have time to reach full MREL capacity. Industry has worked hard to meet these requirements and it is something we report on regularly. Of course, it is not all about MREL - MREL is not the only resolvability dimension. Banks, large and small, have been steadily working...