BoE paper explores impact of prudential measures abroad on UK bank lending
No “significant” spillovers to bank lending following prudential measures
Prudential measures taken abroad do not have "significant" spillover effects on bank lending in the UK economy as a whole, a working paper published by the Bank of England finds.
In Cross-border regulatory spillovers: How much? How important? What sectors? Lessons from the United Kingdom, Robert Hills, Dennis Reinhardt, Rhiannon Sowerbutts and Tomasz Wieladek examine whether UK-owned banks' domestic lending is affected by prudential policy in other countries where they have exposures.
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