BoE to spare EU banks from large capital raises after Brexit

Jasper Cox

December 21, 2017 10:45 am

Brexit2_PA_230x150 — Demonstrators gathered to protest against Brexit, outside the Parliament waving EU and Union flags s the sun sets, London on December 18, 2017. Theresa May has insisted the government must aim high in the next phase of EU negotiations, during a meeting of her Brexit cabinet, that highlighted some divides between senior ministers. (Photo by Alberto Pezzali/NurPhoto/Sipa USA) | NurPhoto/SIPA USA/PA Images

The Bank of England looks set to allow EU banks without material retail operations to continue to operate as branches in the UK after Brexit, reducing the chance that they will need to raise large amounts of capital for their UK operations.

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Jasper Cox