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Financial Times - BoE considers forcing foreign banks to replace branches with subsidiaries
Summary of the front page
The Financial Times reports the Bank of England is looking at plans to force more international banks to set up subsidiaries in the UK.
The paper says the move could reduce the thresholds requiring foreign banks with corporate business in the UK to set up subsidiaries that have their own capital and liquidity.
The front page features a picture of mourners paying tribute to the killed Ukrainian writer, who died in a rocket attack at a restaurant.
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