Bank of England sets out rules for foreign bank branches

The Bank of England
The Bank of England

The Bank of England (BoE) today introduced a rule requiring foreign banks to ensure their ability to resolve UK branches in an orderly way or risk being barred from operating in the country.

The new rule is the centrepiece of the Prudential Regulation Authority (PRA) – a BoE subsidiary and micro-prudential regulator – framework for supervising UK branches of banks based outside the European Economic Area (EEA).

Unlike a subsidiary, which is a separate legal entity from its parent bank and theref

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: