UK will diverge from EU MREL rules after Brexit

Tyler Davies

June 25, 2020 12:15 pm

Rishi_Sunak_PA_575x375_250620 — Chancellor of the Exchequer Rishi Sunak holds the budget box outside 11 Downing Street in central London ahead of the announcement of the Spring Statement in the House of Commons on 11 March, 2020 in London, England. (Photo by WIktor Szymanowicz/NurPhoto) | WIktor Szymanowicz/NurPhoto/PA Images

The UK government showed this week that it plans to differ from the EU in its approach to banking regulation after Brexit. Divergence will begin with the minimum requirements for own funds and eligible liabilities (MREL), but a new consultation opens the way for further changes.

Unlock this article.

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

To unlock this article:

Request a Free Trial or Login

Topics

Regulation Bank Capital FIG People and Markets UK Europe Regulatory Capital EMEA FIG People and Markets

TD

Tyler Davies