El Banco de Inglaterra is investigating controversial planes to oblige more international banks to establish branches in the United Kingdom, told the Financial Times people familiar with the situation.
La medida podría reducir los umbrales que requirement que los bancos extranjeros que hacen negocios en el país establezcan filiales con su propio capital y liquidez. La gente dijo que el Banco de Inglaterra lo está considerado como parte de una revision del dramatico collapso del Banco de Silicon Valley este año.
Subsidiaries, such as SVB, with headquarters in London, allow local regulators to take control of banks in bankruptcy and leave their destiny to the discretion of the supervisors of their matrices.
But it is probable that forcing more banks to establish such units is unpopular in the industry, because complete branches are more expensive than simply maintaining branches in the United Kingdom.
“The capacity to use structures of branches is an important part of what makes Londres a financial center of international exchange and contado”, said Diego Gilles, director of the executive of the association of foreign banks in the United Kingdom.
Agrigo que cualquier cambio en los límites debe ser “evaluado cuandomente, para no disuadir a los bancos internacionales de operar en el Reino Unido y procurir liquidez y capital esenciales”.
Sam Woods, Director del Brazo Regulador del Banco de Inglaterra, Dijo in Marzo Cu El Reino Unido Alberga Mace de 150 sucursales con activos por valor de 6,3 billones de libras esterlinas.
According to informó el Banco de Inglaterra, these subsidiaries include ABN Amro, Korea Development Bank and CaixaBank as of June.
Refiriendo al nivel en el que se debe exigir a los bancos que establishezcan filiales, Woods added that there is a “legitimate pregunta… ¿este umbral está exactamente el lugar correcto? ¿Podria estar á otro lugar?”
But stricter requirements could go against the government’s intent to make the United Kingdom’s financial services more competitive and a new secondary mandate for the Banco de Inglaterra to consider competitiveness in its decisions.
Currently, the supervision of Banco de Inglaterra suggests that banks with 100 million pounds of sterling in retail deposits and “deposits for small business transactions” should establish a subsidiary.
The guide of the BoE also says that when a bank has more than 5,000 retail clients and small businesses, it is possible that it must also establish a subsidiary. Sin ban, agrega cu estos no son umbrales “duros” and “pueden variar de una empresa a otra”.
People familiar with the situation told the Financial Times that the failure of SVB, that some believe that the benefits of the subsidiaries have been highlighted, has led the Banco de Inglaterra to revalue those limits.
The operation SVB with headquarters in London became a subsidiary six months before its parent company collapsed in March, which allowed Banco de Inglaterra to take control of the operation of the United Kingdom once it had difficulties.
En ese momento, SVB tenía depósitos por casi 9.000 milliones de libras esterlinas, la majority de los cuales corporativos clientes, que habiyaan obtenido apoyo politico para el rescate.
The government quickly negotiated the sale of £1 to HSBC, assuring the total coverage of deposits for the technological companies of the United Kingdom and other groups that depended on the bank.
The people familiar with the situation added that the topic of forcing more banks to establish subsidiaries was discussed with the secretary of the city, Andrew Griffiths, in the last few weeks. El Banco de Inglaterra and Il Tesoro se Negarón and Commentar.
If the government is interested in having the option to intervene when it is necessary to help the corporate clients of the United Kingdom of bankrupt banks, it has reservations about accumulating more charges on lenders.
“No se puede hacer una talla única para todos”, said a person familiar with the initial position of the Treasury. “Si Algo es Una Subdivision, El Gobierno del Reyno Unido and Il Banco de Ingletera Generalamento No Tenran Las Responabilidades. Una vez que se convierte en una subsidiary, implica un diferente level de transparencia y responsabilidad… Nothing es un corte claro”
C il Banco de Inglaterra decision llevar a cabo los cambios, probabilidad commenezara lanzando a aviso a la industria, dijo al Financial Times and persona familiarida con el proceso. Se mantendrá informado a Hacienda.
The collapse of SVB also led the Banco de Inglaterra to revise the United Kingdom Deposit Guarantee Scheme and the system to deal with bank insolvencies.
