All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group
People and Markets

Bank of England to probe strength of foreign regulators

The Bank of England’s Prudential Regulatory Authority (PRA) has set out how it wants international banks to operate in the UK and what it expects from foreign regulators. The new rules, set out in a consultation published on Wednesday, will mean international branches from some countries could lose their UK licence, if the PRA deems their home supervisors inadequate.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree