Sector Regulation Sector Regulation

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

By Fiona Maxwell
  • 22 Jul 2021 07:54
  • 22 Jul 2021 07:54
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.

The central bank today proposed revising its rules for lenders to build up MREL

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Fiona Maxwell

Senior Correspondent


Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for Risk.net, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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