Bank of England sets out interim 'bail-in' debt targets for banks

LONDON, Jan 19 (Reuters) - The Bank of England on Tuesday
set out interim levels of special debt that banks including
HSBC, Barclays and Lloyds must issue over coming years for
writing down in a crisis to avoid taxpayer bailouts.

The BoE said it would review how the minimum requirement for
own funds and eligible liabilities or MREL is calibrated, and
the final compliance date before setting "end state" amounts.

"In doing so, we will have regard to any intervening changes
in the UK regulatory framework," it said in a statement.

(Reporting by Huw Jones; Editing by Andrew Heavens)