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MarketScreener Homepage  >  Currencies  >  Euro / British Pound (EUR/GBP)    EURGBP   

EURO / BRITISH POUND (EUR/GBP)

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ECB ready to cooperate with UK financial regulator

12/03/2020 | 10:34am EST

FRANKFURT (Reuters) - The European Central Bank pledged its readiness on Thursday to cooperate with British bank supervisory authorities, just weeks before Brexit is expected to be finalised.

"The ECB recognizes the global and interconnected nature of banks and the importance of supervisory coordination and is committed to working closely with the Federal Reserve and the UK Prudential Regulatory Authority to ensure that supervisory approaches on operational resilience are well coordinated," the ECB said in letter to banks.

(Reporting by Balazs Koranyi; Editing by Alex Richardson)


© Reuters 2020
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