Amendments to the Bank of England’s approach to setting a minimum requirement for own funds and eligible liabilities (MREL)

News Financial services Law & Policy Updates

Date: 15th Oct, 2024 Source: Bank of England Country: United Kingdom Original Source

Brief

The Bank of England has launched a consultation on proposed amendments to its approach to the Minimum Requirement for Own Funds and Eligible Liabilities (MREL). These changes aim to simplify the MREL framework, align it with international standards, and incorporate lessons from policy implementation and recent financial sector developments. Responses are invited by January 15, 2025.

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Bank of England

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Amendments to the Bank of England’s approach to setting a minimum requirement for own funds and eligible liabilities (MREL)

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Amendments to the Bank of England’s approach to setting a minimum requirement for own funds and eligible liabilities (MREL)

Brief

Bank of England

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