questionText: To ask the Chancellor of the Exchequer, what discussions she has had with the mid-tier banking sector on the Bank of England’s consultation on changes to thresholds for the minimum requirement for own funds and eligible liabilities, published on 15 October 2024; and if she will meet with sector representatives to discuss how it can support the (a) growth and (b) international competitiveness of the economy.
answerText: The Bank of England sets MREL requirements independently, though the government takes a close interest in the policy and engages regularly on it both with the Bank of England and with the banking sector, including mid-tier firms. The government’s engageme...
heading: Banks: Finance