The Bank of England has asked U.K. banks to put emergency plans in place to be able to absorb the potential shock from an escalation of the Greek debt crisis. Minutes from the Financial Policy Committee’s latest meeting show the central bank believes the current turmoil in Greece is one of the biggest external risks to the U.K’s financial stability. Because of this, it is already working closely with the Treasury and bank regulator the Financial Conduct Authority to make sure contingency plans are ready. “The realization of any of the global risks that the Committee had identified could trigger abrupt shifts in ... (full story)