PRA publish CP1/18

January 8, 2018

The Prudential Regulation Authority (PRA) published a consultation paper (CP 1/18) setting out its proposed expectations for reporting on the minimum requirement for own funds and eligible liabilities (MREL) through updates to Supervisory Statement (SS) 19/13 ‘Resolution planning’.

The CP proposes to provide the PRA and BoE with information to monitor firms’ progress towards meeting interim MREL, and eventual compliance with end-state MREL to ensure that the policy objectives that underpin MREL are met.

Please refer to the Bank of England’s site, here, for further information.

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