Bank of England's prudential regulator consults banks on capital requirements
The Bank of England's Prudential Regulatory Authority (PRA) on Friday released a consultation asking banks, building societies and investment firms that it regulates for submissions on the quality of capital they should be required to hold in European-mandated buffers.
The consultation, running to October this year, will guide the PRA on how it implements the new European legal framework on bank capital, known as CRD IV, which was adopted by the Council of the European Union in June this year.
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