This consultation paper sets out amendments to the Bank of England’s policy for exercising its power to direct relevant persons to maintain a minimum requirement for own funds and eligible liabilities (MREL) under section 3A(4) of the Banking Act 2009.
Internal MREL - the Bank of England’s approach to setting a minimum requirement for own funds and eligible liabilities (MREL) within groups, and further issues
Published on
02 October 2017