Section 7A(2)

Where the Bank of England is considering the exercise of a stabilisation power in respect of a bank which is a member of a group, the Bank must have regard to— the need to minimise the effect of the exercise of the power on other undertakings in the same group, the need to minimise any adverse effects on the financial stability of the United Kingdom, and the potential effect of the exercise of the power on the financial stability of countries other than the United Kingdom (particularly those ... countries in which any member of that group is operating).

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Source: legislation.gov.uk · retrieved 2026-09-04