AIB comes forward with first formal MREL requirements

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AIB comes forward with first formal MREL requirements

Tyler Davies
May 14, 2018 02:00 pm
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An Allied Irish Banks (AIB) cash point in Ballsbridge, Dublin, as the bank announced it expects to axe more than 2,000 jobs by the end of next year. PRESS ASSOCIATION Photo. Picture date: Tuesday April 12, 2011. The group recorded a 10.4 billion euro (£9.2 billion) loss last year and claimed business and market conditions remained difficult. It said costs needed to be lowered, with staff to go on a phased basis during 2011 and 2012. See PA story IRISH AIB. Photo credit should read: Julien Behal/PA Wire | Julien Behal/PA Archive/PA Images

Allied Irish Banks is one of the first eurozone lenders to have published its formal minimum requirement for own funds and eligible liabilities (MREL).

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