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KM Financial Solutions | Bank of England to spare EU banks from costly new rules, if Brexit goes well
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Bank of England to spare EU banks from costly new rules, if Brexit goes well

19 Dec Bank of England to spare EU banks from costly new rules, if Brexit goes well

Posted at 13:00h in News by
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LONDON, Dec 20 (Reuters) – The Bank of England said on Wednesday it planned to spare European banks from costly extra capital requirements once Britain leaves the European Union, but said that could change if Brexit talks turn sour.
Setting out its position for a possible tussle with Brussels over London’s position as a top global financial hub, the BoE said it wanted to ensure it could effectively oversee foreign banks and financial services firms after Brexit.
“The foundation of the Ba

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