Policy paper

Financial Services Policy Update

A written ministerial statement on the Bank of England’s consultation on MREL and its interaction with the Bank Resolution (Recapitalisation) Bill.

• From: HM Treasury
• Published: 15 October 2024

Documents

Financial Services Policy Update

PDF, 97.6 KB, 1 page

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Details

On 15 October 2024, the Bank of England published a consultation entitled “Amendments to the Bank of England’s approach to setting a minimum requirement for own funds and eligible liabilities (MREL)”. This set out proposals for updates to the Bank of England’s statement of policy on its approach to setting MREL. The government has published a written ministerial statement welcoming this consultation and setting out its expectations in relation to the interaction between the policy in the consultation and the Bank Resolution (Recapitalisation) Bill.

Published 15 October 2024