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Top related persons:
Hollie Adams - 1 BoE - 1 Victoria Saporta - 1 Wilko - 1 Banks - 1 David Milliken - 1 Kylie MacLellan 私 - 1
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City City of London Britain England
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Bank of England - 1 City of - 1 REUTERS - 1 企業 Bank of England - 1 prudential - 1 Wales - 1

Search resuls for: "Victoria Saporta"


3 mentions found


☆ Bank of England tells lenders to watch more closely for risky borrowers
  + stars: | 2023-09-29 | by ( ) www.reuters.com   time to read: +2 min
A pedestrian walks past the Bank of England in the City of London, Britain, September 25, 2023. REUTERS/Hollie Adams Acquire Licensing Rights企業 Bank of England フォローLONDON, Sept 29 (Reuters) - The Bank of England wrote to lenders on Friday to urge them not to underestimate the risk of loan defaults as higher inflation and increased interest rates hit more vulnerable borrowers. However, in its letter to lenders, the BoE said they needed to look beyond aggregate risks and should identify whether particular types of borrower had specific vulnerabilities. Banks, for example, could look at spending patterns in their customers' current accounts and whether they had fixed-rate mortgages which would soon need to be refinanced at higher rates, the BoE suggested. It said for business lending, banks should not rely on a broad sector-based approach to risk and instead should in some cases consider specific companies' liquidity risks.
Persons: Hollie Adams, BoE, Victoria Saporta, Wilko, Banks, David Milliken, Kylie MacLellan 私 Organizations: Bank of England, City of, REUTERS, 企業 Bank of England, prudential, Wales Locations: City, City of London, Britain, England
☆ Bank of England and City square off over new government powers
  + stars: | 2022-10-19 | by ( Huw Jones | ) www.reuters.com   time to read: +3 min
A general view of the Bank of England (BoE) building in London, Britain, August 4, 2022. While Britain remains Europe's biggest financial sector after its exit from the European Union, banks are keen for regulators to help boost the City's global competitiveness. Britain's finance ministry will use a financial services and markets bill now before parliament to give itself powers to intervene in financial rulemaking, when in the public interest. David Postings, chief executive of UK Finance, a banking lobby, said powers to override regulators should be tightly drawn and used sparingly. A source at the ministry confirmed this was still the plan under new finance minister Jeremy Hunt.
☆ Bank of England says it won't take 'risky bets' to help City's competitiveness
  + stars: | 2022-09-27 | by ( Huw Jones | ) www.reuters.com   time to read: +2 min
LONDON, Sept 27 (Reuters) - The Bank of England's new objective of helping the financial sector remain globally competitive should not encourage risky bets on regulatory standards to win business, BoE executive director Victoria Saporta said on Tuesday. Register now for FREE unlimited access to Reuters.com RegisterSaporta said the best way to maintain competitiveness is by having a regulatory regime that is open, predictable, transparent and aligned with international standards. Saporta said alignment with international standards makes it easier for international firms to conduct business in the UK. "Rhetoric" about Brexit dividends, deregulation and a Big Bang 2.0 means the City won't get access to the EU financial market in the forseeable future, Collier said. If we get it right, we should be a very vibrant and deep capital market," Collier said.
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