MENU

Published on 22/09/2020 2:25:56 PM | Source: Reuters

Bank of England to propose simpler rules for small banks

Posted in Top Stories| #World Market #Britain #Bank of England

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel  https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

LONDON  - Britain will adopt less bureaucratic financial rules after Brexit, starting with simpler regulation of small banks, Bank of England Deputy Governor Sam Woods said on Tuesday.

The BoE will propose the simpler rules for smaller lenders in a month or so, a step that would have been impossible to agree if Britain was still in the European Union, Woods told a City Week online event.

 

 

(Reporting by Huw Jones, editing by Louise Heavens)