Heeding the call: BNPP deal signals new direction for MREL

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Heeding the call: BNPP deal signals new direction for MREL

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European banks have long been tipped to begin using call options as a way of making funding for the minimum requirement for own funds and eligible liabilities (MREL) more efficient. After a blowout deal for BNP Paribas this week, the one year call structure may finally take its place as the new standard for senior debt in the euro market.

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