BOE Denies Rift With U.K. Treasury Over Post-Brexit Regulations
This article is for subscribers only.
A Bank of England spokesman refuted suggestions of a rift between the central bank and the U.K. Treasury after a report in the Financial Times said the institutions are at “loggerheads” over the future of City of London regulations after Brexit.
Citing unnamed officials, the FT said the BOE’s Deputy Governor for Financial Stability, Jon Cunliffe, has fallen out with the Treasury over concerns it will give away regulatory control after the European Union rejected the U.K.’s original proposal.