Bank of England publishes operational contingencies report

The report concluded that the government did not require new statutory powers - a February proposal had outlined several suggested powers that would have given the UK Treasury unprecedented control over the financial sector if such an event had occurred. Most members of the financial sector, who had been against granting the statutory powers, were relieved. One bank association executive said: “The statutory powers the government had been talking about would not have been appropriate.”

The Bank

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: