The Bank of England’s new resolution publications
The Bank of England has released two new publications in relation to resolution: (i) a consultation in respect of its approach to setting a minimum requirement for own funds and eligible liabilities (MREL); and (ii) an operational guide on how it plans to execute bail-in in practice.
The former will be of particular interest to mid-sized firms forecasting total assets in excess of £15bn, who can benefit from a phase-in of end-state MREL requirements over a longer timeline.
The latter will shed further light on the process and detail of executing bail-in for UK firms and groups subject to a UK-led bail-in strategy.
For more detail, please read our report below.