Stock Groups

Banks coped well with COVID, post-Brexit reforms next, says Bank of England By Reuters

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO A man stands in front of the Bank of England, London, UK, on September 13, 2021. REUTERS/Hannah McKay

LONDON (Reuters) – Britain’s banks and insurers have weathered the COVID storm well and regulators can now press ahead with post-Brexit reforms to smaller lenders and insurance capital requirements, Bank of England Deputy Governor Sam Woods said on Wednesday.

Woods spoke in the annual Mansion House address, which was held in London’s historic Financial District. He stated that both capital and liquidity position are good and that operational resilience has been largely maintained against cyber threats.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. Instead, they are determined by marketmakers. As such, the prices might not reflect market conditions and could be incorrect. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. You should be aware of the potential risks and financial costs involved in trading the financial market. It is one the most risky forms of investment.



[ad_2]