BOE Says UK’s Biggest Lenders Are No Longer Too Big to Fail (2)

The Bank of England has concluded that emergency planning at the UK’s biggest banks means none should require a public bailout in the event of a crisis.

The central bank’s long-awaited response to the self-assessments of eight lenders, including HSBC Holdings Plc and Barclays Plc, found that their internal systems should avert the kind of state intervention needed in the 2008 global financial crisis even if firms were to fail. That resulted in taxpayer paying billions of pounds to support entities like the Royal Bank of Scotland.

The resolution regime “reduces risks to depositors and the financial system and …