The SRB, via the National Resolution Authorities (NRAs) of the Banking Union Member States, has started to collect data required for resolution planning and the determination of the minimum requirement for own funds and eligible liabilities (MREL) from all banking groups under its direct responsibility. The data request was announced previously at the SRB's Second Industry Dialogue meeting on 12 January 2016. In an update on its website the SRB has outlined its commitment to preparing resolution plans for all major banks under its remit and in line with this; it is required to set the MREL targets for these banks in 2016. In order to achieve this, the SRB has published its Liability Data Template together with accompanying guidance. Mandatory data requests have been kept to the minimum required by the BRRD.