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Bank of England considers clampdown on foreign bank branches- FT

The move could reduce the thresholds requiring foreign banks with corporate business in the country to set up subsidiaries, the paper said. It noted that subsidiaries, such as SVB had in London, are easier for local regulators to seize control of in case of failure. Nathanael Benjamin, the BOE's executive director for authorizations and international banks on Monday said the central bank will reflect on the threshold for a foreign bank branch to become a subsidiary.

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Bank of England considers clampdown on foreign bank branches- FT

The Bank of England is looking at plans to force more international banks to set up subsidiaries in the UK, The Financial Times reported on Tuesday.

City ofUnited kingdomUnited statesAndrea ricciChandni shahJosie kaoNathanael benjaminThomson reuters trust principlesSilicon valley bankSilicon valley bank united kingdomFinancial timesThomson reuters trust

Bank of England considers clampdown on foreign bank branches- FT

Bank of England considers clampdown on foreign bank branches- FT
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City ofUnited kingdomUnited statesChandni shahAndrea ricciJosie kaoNathanael benjaminSilicon valley bank united kingdomSilicon valley bankFinancial times

Bank of England considers clampdown on foreign bank branches- FT

(Reuters) -The Bank of England is looking at plans to force more international banks to set up subsidiaries in the UK, The Financial Times reported on .

United statesUnited kingdomCity ofNathanael benjaminJosie kaoChandni shahAndrea ricciSilicon valley bank united kingdomSilicon valley bankFinancial times

Bank of England considers clampdown on foreign bank branches- FT

(Reuters) -The Bank of England is looking at plans to force more international banks to set up subsidiaries in the UK, The Financial Times reported on.

United kingdomCity ofUnited statesNathanael benjaminChandni shahAndrea ricciJosie kaoSilicon valley bank united kingdomSilicon valley bankFinancial times