EBA: banks seek refuge in covereds, but MREL challenges lay ahead

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EBA: banks seek refuge in covereds, but MREL challenges lay ahead

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3D illustration of a timeline on kraft paper with focus on 2019 and a blue thumbtack. Year two thousand nineteen | Olivier Le Moal/Olivier Le Moal - stock.adobe.com

Financial institutions have sold more secured bonds in place of unsecured debt in 2018, according to the European Banking Authority. But the watchdog expects that the sector will confront an 'important challenge' next year, when some banks will face pressure to sell riskier securities to meet new loss-absorbing debt requirements.

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