PRA Publishes CP15/17 MREL – Buffers

July 27, 2017

The PRA has published a consultation paper (CP) setting out the proposed expectations regarding the relationship between MREL and buffer requirements, as well as the consequences of not meeting these requirements.

The CP proposes to update the Supervisory Statement (SS) 16/16 ‘The minimum requirement for own funds and eligible liabilities (MREL) – buffers and threshold conditions’.

Further details on this consultation can be found on the PRA website here.

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