UPDATE 1-Bank of England to ease crisis rule for smaller lenders

update 1 bank of england to ease crisis rule for smaller lenders

Sumary of UPDATE 1-Bank of England to ease crisis rule for smaller lenders:

  • “Making it easier for firms to grow into MREL responds directly to firms’ concerns about barriers to growth created by the step up in MREL requirements as firms expand their balance sheets,” Bank of England Deputy Governor Dave Ramsden said in a statement.
  • “The proposals for an extended transition path are proportionate in implementation and directly respond to stakeholder feedback arguing for a ‘smoother climb’,” Ramsden said.

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