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BOE says European Union bank-failure Bill may hinder too-big-to-fail fix

Bill sets out 5-day moratorium on payments from failed banks undergoing restructuring

The Bank of England said that the proposed moratorium in resolution conflicts with existing market protocols.


THE Bank of England (BOE) took aim at a European Union plan to boost supervisors' powers to stop cash leaving ailing lenders, adding its weight to mounting criticism of a Bill intended to make sure big banks can be wound down without wreaking havoc on the economy.


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