2/4/2019 (Agence Europe) – Elke König, President of the Single Resolution Board (SRB), the body responsible for resolving the failure of a major bank in the euro zone, told the European Parliament on Tuesday 2 April that the Minimum Requirement for own funds and Eligible Liabilities (MREL) had been estimated at “170 billion euros” in 2018, including 60 billion in subordinated bonds. I expect this amount to be “a little higher” with the recent reform of the Bank Recovery and...