UK bank MREL framework | Practical Law

UK bank MREL framework | Practical Law

This note provides an overview of the minimum requirement for own funds and eligible liabilities (MREL) as it applies to UK-based banks, building societies and PRA-designated investment firms. The Bank of England (BoE) has adapted the MREL framework to implement the Financial Stability Board's (FSB) total loss absorbing capacity (TLAC) standard in the UK.

UK bank MREL framework

Practical Law UK Practice Note w-022-1599 (Approx. 25 pages)

UK bank MREL framework

MaintainedUnited Kingdom
This note provides an overview of the minimum requirement for own funds and eligible liabilities (MREL) as it applies to UK-based banks, building societies and PRA-designated investment firms. The Bank of England (BoE) has adapted the MREL framework to implement the Financial Stability Board's (FSB) total loss absorbing capacity (TLAC) standard in the UK.