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FIGSenior Debt

Banks know MREL transition is not eternal, says SRB’s Laviola

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Sebastiano Laviola, director of strategy and policy coordination at the Single Resolution Board, said there is still plenty of work to do to refine bank failure rules in Europe but praised lenders for getting on well with issuing for the minimum requirements for own funds and eligible liabilities (MREL) during the pandemic.

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