January 23, 2020 / 10:35 AM / a month ago

Bank of England eases liquidity system as Brexit transition deal looms

FILE PHOTO: People walk past the Bank of England in the City of London, Britain, August 23, 2017. REUTERS/Hannah McKay

LONDON (Reuters) - The Bank of England said it will ease its liquidity monitoring system put in place in case Britain left the European Union without a transition deal.

“The likelihood that the UK leaves the EU without a Withdrawal Agreement now appears very low,” the BoE’s Prudential Regulation Authority said in a letter to banks on Thursday.

“Therefore, the PRA no longer considers the bespoke risk appetite to be required.”

Reporting by Huw Jones; Editing by Alex Richardson

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below