Eurozone banking groups, whose debt issued under English law is not eligible, could benefit from an extended period of time to build up MREL assets that could be used in the event of an internal bail-in, the Single Resolution Council (SRB) said on Thursday 15 November in a document setting out its banking resolution expectations in the context of Brexit.
This document is addressed to banking groups covered by the banking union in the Eurozone and having significant commercial and...