Sector Regulation Sector Regulation

UK banks quizzed by BOE on how negative interest rate would affect them

By Fiona Maxwell
  • 12 Oct 2020 05:24
  • 12 Oct 2020 05:31
British lenders have been asked by the Bank of England to detail the impact that a zero — or even negative — interest rate could have on important business services.

Sam Woods, chief executive of the BOE’s Prudential Regulation Authority, wrote to bank and building society chiefs today, inquiring about their “operational readiness” should

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