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The Bank of England (BOE) has published its second assessment on the resolvability of eight major UK banks. The report reassures that if a major UK bank were to fail today, it could enter resolution safely. The BOE noted that banks have continued to make progress in their resolution preparation, ensuring that top UK lenders could be dismantled smoothly in a crisis.
Top UK lenders could be dismantled smoothly in a crisis, says Bank of England https://t.co/wq3unczM9R https://t.co/dZ2AQm0kl9
#BOE: WE HAVE PUBLISHED OUR SECOND ASSESSMENT FOR 8 BANKS' RESOLVABILITY. BOE: OUR ASSESSMENT GIVES FURTHER REASSURANCE THAT IF A MAJOR UK BANK WERE TO FAIL TODAY, IT COULD ENTER RESOLUTION SAFELY.
#BOE: BANKS CONTINUED TO MAKE PROGRESS IN RESOLUTION PREPARATION.
