Financial Services Financial Services

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

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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, 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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