BoE behind UK move to cut bank capital requirements
The Bank of England's interim Financial Policy Committee, set up in the aftermath of the global financial crisis to guard the UK financial system against financial stability risks, sanctioned the Financial Services Authority to cut bank capital requirements last month, in a bid to promote credit intermediation in the UK. The development followed the introduction of a secondary mandate for the FPC in June related to promoting economic growth and affected capital linked to a £100 billion
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