UK banks still ‘resilient’ but BoE warns of ‘urgent need’ to address less regulated areas of finance sector

UK banks are “resilient” despite global banking turmoil, the Bank of England said today, but warned there was an “urgent need” for further rules in the less tightly regulated market-based finance sector.  Amidst volatility in the financial sector following Silicon Valley Bank’s collapse and the emergency acquisition of Credit Suisse by UBS, the Bank reaffirmed [...]