Bank of England Governor fights with the government on Revolyt

London – Bank of England Governor Andrew Bailey told the CNBC that the UK government did not “fall” due to the delay in the much -awaited bank license of the Fintek Rice Revolt.

Last week, the Financial Times reported After Bailey’s intervention, British Finance Minister Rachel Revev had canceled the Revolt and Prudential Regulation Authority (PRA) – one hand of BOE – BOE.

Authorizing Revolt as a full licensee bank has become an important issue for the UK government, especially like the important individuals in the Tech Industry. Challenging tax changes that affect the rich??

However, in an interview to CNBC Ritika Gupta on Thursday, Bailey rejected any suggestion that Revolt’s bank license approval process was delayed in relation to BOE and Treasury.

They said, “(Revees) and I do not really fall on it,” he said. “In fact, we have a very good relationship and I think both the bank and the Treasury have made it clear.”

Bailey added that he could not make much comment, especially on the resort, but the Digital Banking Startup is working during its “mobility” process.

The fintek was a monster Approved On July 224, the banking license, which was restricted by the UK’s PRA, ended the application process for years.

Due to this important victory, Revolt is known in the “mobility” phase of the company’s journey towards the company’s full bank.

During this period, companies are limited to keeping only 000 50,000 of total consumer deposits – hundreds of billions of customers have deposited with large high street lenders such as Barkale, HSBC And Santander??

Ravolt customers in the UK are still served by the company’s e-money unit instead of the company’s banking component. This means that they are not directly deducted from the Financial Service Compensation Scheme, which protects the customers up to 000 85,000 if the firm fails.

The delay of the Revolt has been a matter of debate for the government, which has led to the fire from the UK Tech industry to ensure that they can compete effectively with the US and other Key centers.

Bailey emphasized that “there is no trade between the economic stability and growth of the economy.” However, they suggested that the rules were open to change the rules to enrich the fintek area.

They said, “We are free to make the right changes,” he said.