Bank of England raises threshold for lenders to make resolution plans

LONDON, March 26 (Reuters) - ​The ⁠Bank of England ​said on Thursday that it would ​exempt more ‌small lenders from its requirements ⁠to set out detailed ⁠plans on ​how they would be broken up in case of failure.

The BoE ​said ‌that firms with less than 100 billion pounds ($134 billion) of retail deposits ​would in future be exempt ‌from its Resolution Assessment Framework, up from 50 billion ‌pounds currently.

"A credible resolution regime needs to be robust, but it also ​needs to be responsive and proportionate. ‌These changes reflect the reduced risks that smaller and less ⁠complex ⁠firms pose to UK financial ‌stability, while ensuring that the largest firms ​remain ​resolvable," BoE Deputy ‌Governor Dave Ramsden said. ($1 = 0.7491 pounds) (Reporting by David Milliken, editing by Andy Bruce)