BoE proposes measures for more resilient regime
The Bank of England on Friday said that the global financial system needed to become much more resilient without the expectation of large-scale official support through greater self-insurance and market discipline.
The Bank said in its latest Financial Stability Report that financial institutions' own resources should be the first line of defence against financial pressures and recommended the following measures:
• higher levels of bank capital, consisting of common equity;
• reduced reliance on
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