The Bank of England has warned banks not to underestimate the scale of losses they could suffer from defaults on bad loans as a result of rising interest rates.
UK Financial Regulator Targets Simpler Rules to Boost Growth bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.
The head of the Bank of England’s Prudential Regulatory Authority said in a speech that the agency will propose rules for banks handling of crypto assets this year.