UK Treasury never analysed impact of risk weights for EU debt
Risk weight move seen as political threat to EU sovereign issuance to force Brexit equivalence deal
The UK Treasury and Bank of England have undertaken no cost-benefit analysis as part of plans to introduce risk weights on UK bank holdings of EU member state sovereign debt in the event of a no-deal Brexit, according to lawyers briefed on the matter. Regulation experts say this proposal may have less to do with shoring up UK prudential regulation, and more to do with threatening the EU’s
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