UK Finance responds to Bank of England Financial Stability Report

Responding to the Bank of England's Financial Stability Report, David Postings, Chief Executive of UK Finance, said:

The banking sector has remained resilient throughout the pandemic and capital and liquidity positions remain strong. As the UK's economic outlook improves, we welcome the PRA's decision to return to its normal approach to dividend payments. The banking and finance sector has been vital in supporting the UK economy during the pandemic, facilitating billions of pounds of support for businesses and helping millions of consumers with payment deferrals, and is committed to playing a full role to back the economic recovery.

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