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Bank of England raises capital requirements for U.K. banks

Jaclyn Jaeger | June 27, 2017

The U.K. Financial Policy Committee this week published its latest Financial Stability Report, which sets out its views on the U.K. financial system’s stability and an assessment of any risks to it. Among the requirements in that report: U.K. banks must increase their capital buffers to protect themselves against myriad risks, including Brexit and an overall increase in consumer borrowing.

The primary responsibility of the Financial Policy Committee (FPC), a sub-committee of the Bank of England’s Court of Directors, is to contribute to the Bank of England’s objective for maintaining financial stability. It does this primarily by identifying, monitoring and taking action to remove or reduce systemic risks, with a view to protecting and enhancing the resilience of the UK financial system. Subject to that, it supports the economic policy of Her Majesty’s Government, including its... To get the full story, subscribe now.