UK financials top up MREL buckets

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UK financials top up MREL buckets

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Kenya's Daniel Wanjiru wins the Men's Virgin Money London Marathon, London. PRESS ASSOCIATION. Picture date: Sunday April 23, 2017. See PA story ATHLETICS Marathon. Photo credit should read: Yui Mok/PA Wire | Yui Mok/PA Archive/PA Images

Virgin Money came to the market on Thursday with a debut deal from its holding company, following a deal from Leeds Building Society to meet its minimum requirement for own funds and eligible liabilities (MREL) on Wednesday. UK financial institutions have been active this year amid numerous challenges, including Brexit.

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