UK to ditch MREL MDA after Brexit

Tyler Davies

October 19, 2020 11:15 am

UK_Sunak_Johnson_PA_575x375_191020 — Prime Minister Boris Johnson and Chancellor of the Exchequer Rishi Sunak in Downing Street, London, ahead of a Cabinet meeting at the Foreign and Commonwealth Office. Picture date: Tuesday October 13, 2020. Photo credit should read: Matt Crossick/Empics | Matt Crossick/Empics Entertainment

The UK government has said that banks will still be able to make investor distributions if they fall below their minimum requirements for own funds and eligible liabilities (MREL) after Brexit — in an early of sign of divergence from the EU rulebook.

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Tyler Davies