Small banks pin hopes on BoE reducing the scope of MREL

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Small banks pin hopes on BoE reducing the scope of MREL

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A Metro Bank branch is seen in London. Metro Bank’s shares dropped by 8\% on Monday 13 May 2019 leaving them 70\% lower for the year to date and concerns about the bank’s financial position. At its many branches, it has been reported that customers are queueing outside the bank after a WhatsApp message advising people to withdraw their money out of their accounts and empty safe deposit boxes. (Photo by Dinendra Haria / SOPA Images/Sipa USA) | SOPA Images/SIPA USA/PA Images

Smaller UK lenders are hoping the Bank of England will limit the scope of the minimum requirements for own funds and eligible liabilities (MREL) this year, relieving them of the potentially challenging task of raising new bail-inable debt in the capital markets.

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