Banks seek MREL flexibility with ‘flip’ contracts

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Banks seek MREL flexibility with ‘flip’ contracts

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Hand throws a coin to make the decision. | natali_mis - stock.adobe.com

Contractual features aligning newly issued senior bonds with as yet unsigned rules on bail-ins are likely to prove popular in the coming months, as financial institutions look to accelerate their bond issuance for the minimum requirement for own funds and eligible liabilities (MREL). Tyler Davies reports.

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