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Removing resolvable banks from ring-fencing regime is a ‘misthink,’ BOE’s Woods says

By Fiona Maxwell ( March 28, 2023, 12:20 GMT | Insight) -- Recent bank troubles, including the collapse of Silicon Valley Bank and the takeover of Credit Suisse by UBS, should result in lessons for UK policymakers around ring-fencing and bank liquidity requirements, the Bank of England's prudential chief Sam Woods has told lawmakers. He cautioned against relaxing ring-fencing for resolvable banks, and questioned whether tougher liquidity coverage ratio rules are needed.Removing banks deemed to be fully resolvable from a regime requiring them to separate their investment and commercial banking operations doesn’t make sense, Sam Woods told lawmakers today....

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