Sector Regulation Sector Regulation

Banks' pandemic contingency plans being tested given coronavirus, BOE's Carney says

By Fiona Maxwell
  • 03 Mar 2020 06:26
  • 03 Mar 2020 06:26
The effectiveness of UK banks’ contingency plans to prevent their operations being hit by a pandemic is being put to the test given the coronavirus outbreak, Bank of England Governor Mark Carney said today. 

The BOE is in “daily, hourly” contact with banks and other major financial institutions as they bring in their

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