BSA responds to MREL consultation

The BSA has submitted its response to the Bank of England.

The BSA has submitted its response on the MREL consultation to the Bank of England. 

We question why MREL is applied at all to mid-tier societies when the international TLAC standard is only applicable to G-SIBs. 

We also call for a holistic and comprehensive review of all thresholds in the regulatory framework rather than a piecemeal approach.