Bank of England Lays Out Plans to Ease Capital Rules
The Bank of England plans to ease capital rules for UK lenders as part of proposed changes to streamline the bank capital framework and make it "better calibrated" to the risks of the current financial system. In a Tuesday release, the central bank said its proposals include lowering large British banks' leverage ratio by around 20 basis points in aggregate. The major UK bank peer group includes Barclays (BARC.L), HSBC (HSBA.L), Lloyds Banking Group (LLOY.L), Nationwide Building Society (NBS.L), NatWest Group (NWG.L), Santander UK (SANB.L) and Standard Chartered (STAN.L). The BoE's Financial Policy Committee said it will work together with the Prudential Regulation Authority to identify whether the proposed changes to the leverage framework "would leave any financial stability gaps that would need to be managed and whether that might justify further adjustments to the policy package."
The Bank of England plans to ease capital rules for UK lenders as part of proposed changes to streamline the bank capital framework and make it "better calibrated" to the risks of the current financial system.
In a Tuesday release, the central bank said its proposals include lowering large British banks' leverage ratio by around 20 basis points in aggregate.
The major UK bank peer group includes Barclays (BARC.L), HSBC (HSBA.L), Lloyds Banking Group (LLOY.L), Nationwide Building Society (NBS.L), NatWest Group (NWG.L), Santander UK (SANB.L) and Standard Chartered (STAN.L).
The BoE's Financial Policy Committee said it will work together with the Prudential Regulation Authority to identify whether the proposed changes to the leverage framework "would leave any financial stability gaps that would need to be managed and whether that might justify further adjustments to the policy package."