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Growing lenders to get 'glide-path' transition to failure-cushion debt under BOE measures

By Fiona Maxwell ( July 22, 2021, 12:24 GMT | Insight) -- Mid-sized lenders shouldn't be suddenly hit with a requirement to hold funds for bail-in, but rather should be afforded a graduated approach to build up MREL funds, the BOE said today. Separately, the central bank also said it would consider with other regulators whether innovations in technology are so great that potential disruptions in the insolvency of a failing mid-tier lender could be mitigated.Banks which are big enough to avoid insolvency but still growing, and which might struggle to build up failure-cushion funds, should be allowed a smoother transition in acknowledgement of their difficulties, the Bank of England said today....

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