Small banks pin hopes on BoE reducing the scope of MREL

Tyler Davies

August 06, 2020 04:45 pm

Metro_Bank_PA_575x375_050820 — A Metro Bank branch is seen in London. Metro Banks shares dropped by 8\% on Monday 13 May 2019 leaving them 70\% lower for the year to date and concerns about the banks financial position. At its many branches, it has been reported that customers are queueing outside the bank after a WhatsApp message advising people to withdraw their money out of their accounts and empty safe deposit boxes. (Photo by Dinendra Haria / SOPA Images/Sipa USA) | SOPA Images/SIPA USA/PA Images

Smaller UK lenders are hoping the Bank of England will limit the scope of the minimum requirements for own funds and eligible liabilities (MREL) this year, relieving them of the potentially challenging task of raising new bail-inable debt in the capital markets.

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Regulation Senior Debt FIG People and Markets UK Europe EMEA FIG People and Markets

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Tyler Davies