Exemption for the Bank of England regarding trade transparency

Summary

The European Parliament agrees to maintain the Bank of England's exemption from certain financial transparency requirements despite the UK leaving the EU.
8 13.03.2019
Other
finance
monetary economics
international relations

Key points

  • The Bank of England will continue to benefit from exemptions regarding transparency requirements for trading.
  • The regulation is being updated to account for the United Kingdom's transition to a non-EU country status.
  • This measure aims to ensure the European Union is prepared for various withdrawal scenarios from the United Kingdom, including those without an agreement.
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