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Bank of England eases loss-absorbing debt requirements

( July 15, 2025, 07:43 GMT | Official Statement) -- MLex Summary: The Prudential Regulation Authority — the regulatory arm of the Bank of England — has raised the thresholds for the minimum requirement for own funds and eligible liabilities, MREL, from 15-25 billion pounds in total assets to 25-40 billion pounds. MREL is essential to ensure that banks can absorb losses and be resolved in an orderly way, without collapsing or requiring public bailouts. The change reflects Britain's economic growth and will be updated every three years, the Bank said. Banks also received an update on the PRA's resolution regime and disclosure requirements linked to the MREL rules. The financial sector had lobbied for an increase in the threshold to take into account inflation since the rules were introduced in 2015.  Statements are attached....

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