BoE removes ‘guardrails’ on bank dividend payments

Bank of England
Photo: Juno Snowdon Photography

The Bank of England removed limits on bank dividend payments and share buybacks today (July 13), after policy-makers judged the economic recovery was sufficiently robust.

The Prudential Regulation Authority said it had decided to remove “guardrails” on banks’ dividend payments, which had been imposed as a means of ensuring banks retained sufficient capital during the Covid-19 shock.

In December 2020, the PRA kept the rules in place but said it was “content” for “appropriately prudent” 2021

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