June 22, 2020

Bank of England Warns Financial Market Infrastructures Against Profit Distributions

A&O Shearman

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Shearman & Sterling LLP The Bank of England has written to CEOs of U.K. financial market infrastructure providers, urging them to carefully consider the additional risks and potential financial and operational demands of COVID-19 when determining shareholder distributions or variable remuneration. U.K. FMI providers are expected to discuss any intended shareholder distributions with the Bank of England.

View the BoE's Dear CEO letter to FMIs.

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