division_name: Bank Resolution (Recapitalisation) Bill [HL] - <i>Report</i> &#8212; Amendment 2
motion: <p class="italic" pid="a1324.1/1" pwmotiontext="unrecognized">Moved by Baroness Vere of Norbiton</p>
  
  <p class="italic" pid="a1324.1/2" pwmotiontext="unrecognized">2: Clause 1, page 1, line 20, at end insert&#8212;&#8220;(2A) The Bank of England must not require the scheme manager to make a recapitalisation payment if it has directed the financial institution to maintain an end-state Minimum Requirement for Own Funds and Eligible Liabilities (MREL) exceeding minimum capital requirements.&#8221;Member&#8217;s explanatory statementThis amendment seeks to prohibit the use of FSCS funds to recapitalise large financial institutions, defined as those which have reached end-state MREL.</p>
  
  <p pid="a1329.0/2" pwmotiontext="yes">Ayes 247, Noes 125.</p>