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

Statement of Policy
Published on 03 December 2021

First published on 8 November 2016

This Statement of Policy sets out 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) and 4(B) of the Banking Act 2009.

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