REUTERS/Henry Nicholls/File Photo Acquire Licensing RightsLONDON, Sept 8 (Reuters) - Britain's financial watchdog told banks on Friday it would "ramp up" checks on whether they were properly assessing and managing risks from large customers to avoid any liquidity crunch in stressed markets.
"We are ramping up our testing programme to look at how banks are controlling these risks, including more in person supervisory assessments."
Under pressure from the European Central Bank, bankers have moved from London to staff these hubs, raising questions about sufficient staff in UK units.
"While there are various booking and organisational arrangements underpinning these activities, there should be appropriate oversight for any business booked into the UK," Walls said.
The FCA said it may also check how banks deal with non-financial misconduct, such as sexual harrasment.
Persons:
Henry Nicholls, Liz Truss, Simon Walls, Huw Jones, Emelia Sithole
Organizations:
REUTERS, Financial, Authority, Bank of England, European Union, Brexit, European Central Bank, Thomson
Locations:
London, Britain