M
Member
Speaking in the House of Lords on 4 November 2024
Debate
Bank Resolution (Recapitalisation) Bill [HL]Contribution
As the noble Lord knows, MREL is very expensive. It restrains banks from growing and upscaling and there is a very strong argument that we have set MREL at exactly the wrong point; it should be for much bigger banks. That was the issue to which my noble friend referred.
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