#AceNewsDesk – Britain’s main banks will have extra time before they have to say publicly how they c ould be closed down in a crisis, the Bank of England proposed on Wednesday @AceFinanceNews report

Reuters reports that the Bank of England gives banks breathing space over crisis plans: 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:

Published: https://t.me/reuters_news_agency/43461
Reuters Wire News, [Oct 28, 2020 at 10:38]

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