Swedish MREL framework demands subordination, favours senior non-pref

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Swedish MREL framework demands subordination, favours senior non-pref

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Alexi Tauzin - Fotolia

The Swedish National Debt Office (SNDO) promoted non-preferred debt as a way for Swedish banks to meet the minimum requirement for own funds and eligible liabilities (MREL) on Thursday, establishing a favourable method for calculating the requirement and a manageable timeline for its implementation.

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