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UK lenders are well-capitalized to face Covid-19, but there's a limit, says BOE's Woods

By Fiona Maxwell
  • 15 Apr 2020 12:12
  • 15 Apr 2020 12:12
UK banks have entered the Covid-19 crisis in a healthy state with high levels of capital, but they could be tested by a prolonged economic downturn, a top Bank of England official has warned.
One of the biggest risks is the uncertainty regarding the extent and nature of the drawdown

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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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