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Financial Regulatory Observer – March 2019
Banks face steep climb in MREL issuance
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Banks face steep climb in MREL issuance

The upcoming enforcement of the MREL requirement will require European banks to issue a significant amount of subordinated and senior notes. But political instability and differing levels of investor demand could push up pricing and stifle access in some European markets, write Stuart Willey, Paul Alexander and Angelo Messore of global law firm White & Case.