SRB to allow ‘non-linear’ transition to MREL targets
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SRB to allow ‘non-linear’ transition to MREL targets

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The Single Resolution Board (SRB) will not force all banks to make a linear progression towards their minimum requirements for own funds and eligible liabilities (MREL), in an effort to be more flexible during the Covid-19 pandemic. But financial institutions have still called on the authority this week to do more to prevent MREL from becoming a barrier to lending.

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