on Sunday, indicating it would support approval of the deal, and it said the British banking system was well funded.
“We welcome the comprehensive set of actions set out by the Swiss authorities today in order to support financial stability,” the BoE said in a statement, adding it would support international counterparts in implementing the actions.London is a major financial centre and both Swiss banks have units based in Britain which are regulated by the Financial Conduct Authority and the BoE’s Prudential Regulation Authority .
The BoE’s statement coincided with similar ones from the European Central Bank and the US Federal Reserve, as well as a statement from Britain’s finance ministry.
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