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International banking groups' UK requirements set out by BOE

( July 26, 2021, 16:49 GMT | Official Statement) -- MLex Summary: International banking groups will be assessed by UK regulators to ensure they are well supervised and pursue prudent controls and risk management, the Bank of England said in a supervisory statement updated today. While subsidiaries of non-UK banks must follow the same rules, regulators are likely to have less access to information or relevant staff, the Prudential Regulation Authority said.Statement follows. Document attached. ...

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