BOE says UK’s biggest lenders are no longer too big to fail

The central bank’s long-awaited response to the self-assessments of eight lenders, including HSBC Holdings Plc and Barclays Plc, found that their internal systems should avert the kind of state intervention needed in the 2008 global financial crisis even if firms were to fail.

Bloomberg

June 10, 2022 / 14:29 IST

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Bank of England

Bloomberg

first published: Jun 10, 2022 02:29 pm

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BOE says UK’s biggest lenders are no longer too big to fail

The central bank’s long-awaited response to the self-assessments of eight lenders, including HSBC Holdings Plc and Barclays Plc, found that their internal systems should avert the kind of state intervention needed in the 2008 global financial crisis even if firms were to fail.

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