Bank of England offers new relief on Pillar 2, MREL

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Bank of England offers new relief on Pillar 2, MREL

Tyler Davies
May 07, 2020 12:00 PM
Bank_of_England_PA_575x375_070520
A man wearing a protective face mask walks past the Bank of England, London, as the UK continues in lockdown to help curb the spread of the coronavirus. | Dominic Lipinski/PA

The Bank of England said on Thursday that it would be changing the way it looks at Pillar 2 capital targets, giving UK lenders more room to breathe during the coronavirus pandemic.

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