LONDON, March 19 (Reuters) - Britain's Financial Conduct
Authority said on Sunday it was minded to approve Swiss bank
UBS' takeover of Credit Suisse bank, both of which have
operations in London, to support financial stability.
"Earlier today, the Swiss authorities announced a wide range
of actions to support financial stability. The FCA has been in
contact with its Swiss counterparts and other UK regulatory
authorities in advance of today’s announcements," the FCA said
in a statement.
"The FCA continues to engage closely with UK and
international regulatory partners to monitor market
developments," the watchdog said.
(Reporting by Huw Jones; Editing by Hugh Lawson)
Messaging: huw.jones.thomsonreuters.com@reuters.net))
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