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UK banks resilient enough to support Covid recovery, Bailey says

( July 13, 2021, 08:25 GMT | Official Statement) -- MLex Summary: UK banks have capacity and resilience to support the economic recovery as the country starts to withdraw pandemic support measures, Bank of England governor Andrew Bailey has said in a response to a mandate letter from finance minister Rishi Sunak. The Bank's Financial Policy Committee said it would seek to promote long-term investment by insurers and investment funds by tweaking prudential laws and correcting liquidity mismatches, and said climate change was relevant to its tasks. Letter attached. ...

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