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Bank of England raising UK lenders' capital requirements by £11.4b

Central bank also says British regulators would publish tighter rules on consumer lending next month

The central bank said that it was raising the CCyB to 0.5 per cent from its current level of zero and that it expected to raise it further to one per cent in November.


BRITISH banks face an £11.4 billion (S$20.2 billion) increase in capital requirements after the Bank of England (BOE) said it was raising a key buffer designed to tackle growing risks of lax lending.

The central bank had earlier reversed a previous rise in its counter-...