Addressing a small group of journalists on Thursday 5 April, the chair of the Single Resolution Board (SRB), Elke König, said that the treatment of bonds issued by Eurozone banks under British law after the United Kingdom leaves the EU will be a question to follow closely.
This is because once Brexit has taken place, these bonds will become third-country issuances and European banks may not be able to use them as equity that can be mobilised in the event of bank resolution (MREL).
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