trending Market Intelligence /marketintelligence/en/news-insights/trending/7lG7mcDAPhj5gctOoVT_aA2 content esgSubNav
In This List

BoE's deputy governor warns against relaxing rules for banks after Brexit

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Investment Banking Essentials Newsletter April Edition - 2022

Blog

Banking Essentials Newsletter April Edition - 2022


BoE's deputy governor warns against relaxing rules for banks after Brexit

Bank of England Deputy Governor Sam Woods warned against relaxing the rules for banks and insurers after Britain leaves the EU, Reuters reported.

Woods said the central bank has no desire to carry out such a move and that the stringency of financial regulation should remain "calibrated roughly where it is now."

He also said it would be undesirable if the U.K. became a rule-taker, continuing to apply EU rules in some form following Brexit.