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Good morning.

From the Newsroom of the Financial Times, today is Monday, March 11th, and this is your FTE news briefing.

Today, the Bank of England Titans liquidity buffers before Brexit.

Top UBS executives accused the bank of using maternity leave as a reason for cutting women's

bonuses, and Renault, Nissan, and Mitsubishi plan to establish a new leadership structure for their alliance.

Then the FT's George Parker explains what to expect this week on Brexit.

I'm Eric Krupky and here's the news you need to start your day.

The Bank of England has told some UK lenders to triple their holdings of easy to sell assets in the run-up to Brexit. The BOE said this will help lenders cope with the market meltdown forecast in the case of a no-deal Brexit later this month.

Some lenders must now hold enough liquid assets to withstand severe stress of 100 days rather than the normal 30. That's

under rules brought in late last year by the BOEs Prudential Regulation Authority.

Banks are also being forced to model their balance sheets on the assumption that they won't be able to swap Sterling for dollars.

That's based on the situation from several days during the financial crisis when some banks were shut out of being able to exchange currencies.

The Central Bank is monitoring lenders liquidity levels daily as the March 29th Brexit deadline

gets closer.

Experts predict that the tough requirements would be eased closer to March 29th if the likelihood of a no-deal Brexit increased,

so lenders could draw on reserves they had amassed.

The BOE has already predicted significant market volatility in the event of a no-deal Brexit.

But the bank has pledged that UK banks have enough capital in liquidity to weather the worst scenarios,

having one trillion pounds of high quality assets.

And the F.T. reports that top women bankers at UBS have criticized the bank over its

...