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BOE wants banks to hold up to £10b more capital in total

Banks need extra buffer as asset prices vulnerable to sharp rise in interest rates, emerging market risks, it says

"With today's announcement, the basic amount of capital our system requires is settled," said Bank of England governor Mark Carney.


THE Bank of England set out plans on Tuesday to require banks to hold a total of up to £10 billion (S$21 billion) more capital as they start to lend more freely in a recovering economy, but stopped short of demanding immediate action.

The central bank said credit conditions...