First published on 8 November 2016
This Statement of Policy sets out the Bank of England’s policy for exercising its power to direct relevant persons to maintain a minimum requirement for own funds and eligible liabilities (MREL) under section 3A(4) and 4(B) of the Banking Act 2009.
Published 3 December 2021
Published 13 June 2018. Superseded on 01 January 2022 by December 2021 version.
Published on 8 November 2016. Superseded by June 2018 version.
First Publication of Statement of Policy.
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