Bank Of England Gives Banks Breathing Space Over Crisis Plans

0 101

Britain’s main banks will have extra time before they have to say publicly how they could be closed down in a crisis, the Bank of England proposed on Wednesday.

Banks were required to submit a report to the BoE this month assessing how they would be wound up in a crisis without needing taxpayer support, and publish a summary next June. The BoE has proposed a one-year delay for both deadlines.

Related Posts

CBN May Nationalise Ailing Unity Bank As Talks With…

Bank Of Canada Brushes Off Temporary Spike In Inflation

– Reuters

Leave A Reply

Your email address will not be published.

%d bloggers like this: