UK banking groups Virgin Money and Aldermore have not ruled out resurrecting their IPOs before Christmas, according to people familiar with the matter, as the recent bout of market volatility begins to calm.

Virgin Money, which postponed its listing on October 17, will reassess the markets following a Bank of England ruling on leverage ratios for banks this Friday, before deciding when to proceed, according to one person close to the deal. Another familiar with the bank's plans said a deal was expected before the end of the year.