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UK banks win two-year extension of crisis debt-rule deadline

They now have till Jan 1, 2022, to satisfy requirement on equity and debt

"This policy is a significant milestone on the journey to end 'too big to fail' in the UK," says Mr Carney.


THE Bank of England pushed back the deadline for lenders to amass the equity and debt they'll need to comply with new rules intended to keep taxpayers off the hook in a crisis.

UK banks have until Jan 1, 2022, to satisfy the requirement, which is the centrepiece of...

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