PRA releases consultation on the minimum requirement for own funds and eligible liabilities (MREL) – buffers – CP15/17

The PRA has today published a CP on its proposed expectations regarding the relationship between MREL and buffer requirements, including the consequences of not meeting these.

The CP is relevant to all PRA regulated banks, building societies and PRA designated investment firms.

The consultation, which can be found here closes on 29 September 2017.