Banking lobby warns MREL rules are blocking mergers

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Banking lobby warns MREL rules are blocking mergers

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European Central Bank, Supervisory Board. Chairman Andrea Enria, during a press conference on 28.01.2020. Responsible for banking supervision, advice and support of affiliated banks in Europe. | usage worldwide | Wolfgang Minich/DPA/PA Images

The European Banking Federation (EBF) has called on regulators to be more flexible in handing out minimum requirements for own funds and eligible liabilities (MREL) to newly merged businesses, as a way of encouraging consolidation.

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