Some firms need to provide ‘better’ information to BoE – David Bailey
Executive director says BoE must have sufficient influence over supervisory outcomes post-Brexit
A small number of firms will have to provide the Bank of England’s Prudential Regulatory Authority with “better information” in order to be supervised in line with its post-Brexit framework.
Speaking on January 11, David Bailey, the BoE’s executive director for international banks supervision, said European Union bank branches in London would not see major changes to how they are supervised.
The PRA’s “approach to the supervision of international banks remains stable and consistent following
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