The Bank of England (BOE) has told some UK banks to triple the amount of easy-to-sell assets to help sail through any no-deal Brexit crisis, the Financial Times reported on Sunday, citing people familiar with the situation.
Under new guidelines, the lenders need to hold enough liquid assets to be able to cope with the stress of 100 days, instead of the regular 30 days, as required by the BOE’s Prudential Regulation Authority rules.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.