LONDON (Reuters) :
T
he Bank of England said on Thursday it will ease its enhanced liquidity reporting requirements on banks, put in place in case Britain left the European Union without a transition deal.
Britain’s parliament has approved a divorce settlement with the EU, which includes a business-as-usual transition deal covering the period after Brexit Day on Jan. 31 until the end of December.
The aim of the tougher monitoring of liquidity at banks was to ensure they had enough cash on hand to deal with any market volatility caused by a no-deal Brexit.
