YBS hedges model risk with T2 for MREL

© 2026 GlobalCapital, Derivia Intelligence Limited, company number 15235970, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

YBS hedges model risk with T2 for MREL

Yorkshire_Building_Society_PA_230x150
A general view of the Barnsley branch of the Yorkshire Building Society in Barnsley town centre. | Anna Gowthorpe/PA Archive/PA Images

Yorkshire Building Society (YBS) opened books on new tier two in the sterling market on Wednesday, as it considered whether difficulties in the process of changing to a new way of modelling for risk could leave it short of its minimum requirement for own funds and eligible liabilities (MREL).

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request demo or Login
  • 4,000 annual insights
  • 700+ notes and long-form analyses
  • 4 capital markets databases
  • Daily newsletters across markets and asset classes
  • 2 weekly podcasts
Gift this article