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BoE’s Bailey signals rethink on UK bank deposit insurance

Andrew Bailet
Photo: Leon Neal/Getty Images

Martin Cloake

1 min read
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Bank of England governor tells Washington audience level of UK protection may need to rise.

BoE governor Andrew Bailey yesterday signalled a review of UK bank deposit insurance. He was speaking in Washington just weeks after criticising US handling of recent banking turmoil.

He questioned the rule that established a clear dividing line between deposits that are guaranteed and those that are not, saying: “Practice,

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