Bank of England: Finance
Commons · Question 34604 · Tabled 28 Feb 2025 · Treasury · Official record
Answered 6 Mar 2025
Question
Asked by Mark Garnier
To ask the Chancellor of the Exchequer, what discussions she has had with the Bank of England on increasing the proposed eligibility threshold in its consultation on minimum requirement for own funds and eligible liabilities (MREL) to £50bn.
Answer
Answered by Emma Reynolds, 6 Mar 2025
The Government is continuing to engage closely with the Bank of England on its recent consultation on its approach to setting a minimum requirement for own funds and eligible liabilities (MREL), which closed on 24 January. The Bank of England sets MREL po...