FPC explains capital requirement switch

handing-over-british-money

The record of the Interim Financial Policy Committee (FPC) meeting released on Monday reveals more of the decision behind the group's change of heart over asking banks to add to capital buffers.

In June, the FPC advised UK banks to take the "opportunity of periods of strong earnings to build capital, given the scale of risks to the economic and financial environment".

Last Wednesday, it released a statement after its September 20 meeting, in which it again recommended banks should take "any

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: