M
Member
Speaking in the House of Lords on 5 September 2024
Debate
Bank Resolution (Recapitalisation) Bill [HL]Contribution
The noble Lord asked for the Government’s view of whether MREL is insufficient and whether the Bank of England should reform its thresholds. The Bank of England sets MREL requirements independently of government, but within a framework set out in legislation. The Bank of England will consider, in the light of the Bill and wider developments, whether any changes to its approach to MREL would be appropriate.
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