BoE plans capital framework redesign
Reshaped requirements should make early response to threats easier
The Bank of England (BoE) is reshaping its capital framework, with the aim of making more "active use" of its countercyclical capital buffer (CCB), it said today (December 1).
As set out in the latest financial stability report, the BoE's financial policy committee (FPC) chose not to raise the CCB at its November 25 meeting. But it is launching a programme of work with the Prudential Regulation Authority (PRA) to substitute one element of a bank's individual capital requirements for the CCB
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