France, Germany lead EU on MREL debt sales
French banks account for 27% of total bail-in bond issuances
Big French banks issued over €66 billion ($77.9 billion) of bail-in bonds over the last 11 years, data from the European Banking Authority (EBA) shows, the most across the European Union.
The total amount of debt sold to comply with the EU’s minimum requirements for eligible liabilities (MREL) rules by 50 top-tier banks and 13 mid-sized issuers between 2009 and 2019 was €246.7 billion. French banks accounted for 27% of the total, UK banks 16% and German banks 15%.
German banks led the EU in
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