In its first public assessment of how failing lenders could be dismantled in a crisis without taxpayer handouts, the BoE said it had also identified "areas or further enhancement" for six firms.

The three banks found to have shortcomings were Lloyds, Standard Chartered,  and HSBC. All three banks said in separate statements on Friday they were improving their so-called resolution plans.

The BoE is aiming to stop banks from being "too big to fail," potentially requiring taxpayers to bail them out as happened in the 2007-09 global financial crisis.

The other lenders included in the review were Barclays, NatWest, Nationwide, Santander UK and Virgin Money UK.

The Bank of England said it would repeat its assessment in 2024 and review progress made by the lenders every two years after that.

Hal Turner Editorial Opinion

Sooooooo . . . BoE says their top banks are no longer "too Big to Fail."     OK.  Who asked them?

I mean, who asked the BoE about this, that they issue a statement of this nature late on a Friday afternoon?

The mere existence of this public statement raised the hair on the the back of my neck. 

It says to me . . . and it's just my hunch . . .  they know something gigantic is coming, and they're already "setting the narrative" for when it hits.