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Bank Of England: Improving Depositor Outcomes In Bank Or Building Society Insolvency

<p><span>The Bank of England’s Policy Statement on its review of its approach to setting a minimum requirement for own funds and eligible liabilities (MREL), published in December 2021, stated that “the Bank considers that recent innovations in technology in the banking system may afford opportunities to mitigate disruptions that may occur in the insolvency of a failing mid-tier firm whose business model is dominated by transactional account banking. These develop...
United Kingdom Prudential Regulation Authority Financial Services Compensation Scheme Financial Conduct Authority Policy Statement Open Banking

Bank Of England December 2021 Resolution Publications: MREL Review

<p><span>The Bank of England has today published a </span><a href="https://www.bankofengland.co.uk/paper/2021/boes-review-of-its-approach-to-setting-mrel-consultation-paper-july-2021">Policy Statement</a><span> concluding the Bank’s review of its approach to setting a minimum requirement for own funds and eligible liabilities (MREL), accompanied by a </span><a target="_blank" href="https://...
Policy Statement Consultation Paper Discussion Paper

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