ECB warns of ‘home bias’ for MREL debt
The vast majority of credit institution debt held in Greece, Spain, Italy and Portugal comes from domestic issuers, suggesting that market capacity for debt meeting their minimum requirement for own funds and eligible liabilities (MREL) may be limited, the European Central Bank (ECB) said in its latest macroprudential bulletin.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts