Higher capital rules don’t restrict capacity to lend: Bank’s Miles

miles-david

The argument that hiking capital requirements would force banks to drastically alter their stock of assets or cut their levels of lending was a misstatement, David Miles, an external member of the Bank of England's Monetary Policy Committee (MPC), said on Wednesday evening.

In London, Miles said the dialogue about capital requirements was responsible for this distortion. "The idea that banks must shrink lending to satisfy higher requirement on equity funding is a non-sequitur. But there is a wid

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: