BOE Investigating Fear That Fire-Risk Flats Will Harm U.K. Banks
- Cladding crisis could affect banks if homeowners default
- BOE’s Prudential Regulation Authority seeking assurances
A memorial to the victims of the Grenfell Tower fire, in west London on June 14.
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The Bank of England is examining whether dangerous cladding on apartment blocks could undermine the stability of British lenders, according to a person familiar with the matter.