BoE unveils ‘systemic risk buffers’ for UK banks

Bank of England
Daniel Hinge

The Bank of England has unveiled the initial values of the “systemic risk buffer” (SRB), an additional capital buffer applicable to the ring-fenced parts of systemic banks operating in the UK.

Lloyds received the highest SRB, of 2% of risk-weighted assets, which will apply as a buffer on top of its other capital requirements. RBS must implement an SRB of 1.5% of RWAs, while Barclays, HSBC, Santander and the Nationwide Building Society must all implement buffers of 1%.

The SRB is part of the UK

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