BoE to ease MDA rules for UK banks

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By Tyler Davies
21 Oct 2020

The Bank of England said this week that it would loosen some of the rules around the maximum distributable amount for UK banks after Brexit, making it harder for them to trigger restrictions on their additional tier one (AT1) coupons and equity dividends.

The Bank of England’s Prudential Regulation Authority (PRA) opened a consultation on Tuesday on the fifth instalment of the EU Capital Requirements Directive (CRD V). 

CRD V updates the bank capital rulebook and must be implemented into national law before 2021. 

But the PRA is looking ...

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