The Bank of England's Prudential Regulation Authority (PRA) is consulting on raising the retail deposits leverage ratio threshold, a move designed to allow smaller lenders to avoid the leverage rules which cover the country's major banks.

Simply sign up to the UK financial regulation myFT Digest -- delivered directly to your inbox. The Bank of England has proposed lifting the size threshold that restricts how much British banks can borrow to fund their activities,

UK banks would be able to have as much as £70 billion in deposits before being subject to a cap on their leverage under a new proposal from the Bank of England.

Bank of England Governor Andrew Bailey urged the United States on Wednesday to settle its concerns about the global economy through dialogue rather than the kind of import tariffs that U.S. President Donald Trump has imposed this week.

Governor Andrew Bailey said there is a 'major shift going on in the US' which the Bank would have to 'take very seriously'

Donald Trump’s trade tariffs could leave UK consumers with less money, hamper growth, and stoke inflation, warns the Bank of England.