Sector Regulation Sector Regulation

To lift UK banks' Covid dividend freeze BOE needs economic 'confidence,' policy chief says

By Fiona Maxwell
  • 02 Sep 2020 06:43
  • 02 Sep 2020 06:43
An agreement between UK lenders and the Bank of England to halt dividend payments as the economy took a battering from the Covid-19 pandemic was taken “with great reluctance,” Sam Woods said.

The chief executive of the central bank's Prudential Regulation Authority, or PRA, said the policymaking authority's “philosophical approach” is to permit

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