Banks: Finance
Commons · Question 49341 · Tabled 30 Apr 2025 · Treasury · Official record
Answered 7 May 2025
Question
Asked by Mark Garnier
To ask the Chancellor of the Exchequer, what discussions she has had with the mid-tier banking sector on the Bank of England’s consultation on changes to thresholds for the minimum requirement for own funds and eligible liabilities, published on 15 Octobe
Answer
Answered by Emma Reynolds, 7 May 2025
The Bank of England sets MREL requirements independently, though the government takes a close interest in the policy and engages regularly on it both with the Bank of England and with the banking sector, including mid-tier firms. The government’s engageme...