Sector Regulation Sector Regulation

UK banks must pass on Covid-19 regulatory relief to customers, policymakers say

By Fiona Maxwell
  • 25 Mar 2020 04:33
  • 25 Mar 2020 04:37
UK banks and building societies that have benefited from a relaxation of rules or a delay in regulatory measures as a result of the coronavirus pandemic must pass on those benefits to businesses and households, the UK finance minister, Bank of England and Financial Conduct Authority chiefs said in a letter today.

The

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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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