Banks could be forced to leave UK if home regulators are found wanting
International banks operating branches in the UK may be shown the door if home regulators fail to ensure their financial health, the Bank of England (BoE) has warned.
Banks headquartered outside the European Economic Area (EEA) could have their "permission varied or cancelled" if national regulators cannot guarantee that their capital and liquidity levels are equivalent to UK standards, according to a consultation paper issued today by the Prudential Regulation Authority (PRA), the UK banking
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