UK banks set for MREL guidance from regulator

(IFR) – The Bank of England will soon publish final guidance for how much loss-absorbing debt Britain’s major banks will each need to hold, as part of plans to better protect savers and taxpayers.

It is a key issue for the capital planning of the likes of HSBC, Barclays and Standard Chartered, and could see an additional £150bn of loss-absorbing debt issued.

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