UK banks won't face FRTB capital hike – BoE official

Bank of England
BoE: new FRTB charges already covered in UK

UK banks will not face significant hikes in capital under new trading book rules from the Basel Committee on Banking Supervision as many of the risks are already accounted for, according to a Bank of England official.

Impact studies have shown banks face capital requirements under the Basel Committee's new standardised formula for market risk that are up to five times higher than current levels, and seven times higher for interest rate trading desks. All banks will be required to calculate the

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