Financial Services Financial Services

EU decision to ditch bank capital ‘parallel stack’ is a relief, says BOE’s Woods

The EU decision to not implement bank capital standards in a way which could have undermined an international agreement was a relief, Bank of England deputy governor Sam Woods said today.

If the European Commission had gone ahead with the mooted “parallel stack” approach it would have “kicked a hole i

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Fiona Maxwell

Senior Correspondent


Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for Risk.net, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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