Written Question·Treasury·UIN 49341

Banks: Finance

Tabled: 30 April 2025

Answered: 7 May 2025

Named Day

Question

Mark Garnier

To ask the Chancellor of the Exchequer, what discussions she has had with the mid-tier banking sector on the Bank of England’s consultation on changes to thresholds for the minimum requirement for own funds and eligible liabilities, published on 15 Octobe

Answer

Emma Reynolds

The Bank of England sets MREL requirements independently, though the government takes a close interest in the policy and engages regularly on it both with the Bank of England and with the banking sector, including mid-tier firms. The government’s engageme...

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