Sector Regulation Sector Regulation

UK banks could benefit from government-backed emergency loans, BOE chief economist says

By Fiona Maxwell
  • 20 Apr 2020 06:17
  • 20 Apr 2020 06:17
UK banks could be relieved from undertaking credit assessments for the influx of loans resulting from the Covid-19 crisis if the government extended its emergency facility to fully guarantee that funding, the Bank of England’s chief economist said today.

While it's ultimately a decision for the government whether to extend its Coronavirus Business

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