BoE lowers capital requirements for banks
Governor says move reflects sector’s evolution as institution publishes latest fin stab report
The Bank of England has lowered capital requirements for UK lenders for the first time since the rules were introduced in the wake of the global financial crisis.
In its latest Financial Stability Report, published today (December 2), the BoE says it has cut the “appropriate benchmark” for the aggregate level of tier 1 capital lenders need to hold from 14% to 13% of risk-weighted assets.
The BoE’s financial policy committee (FPC) reached the decision after completing an assessment of the UK’s bank
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