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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
Add BT as a preferred sourcePublished Tue, Jun 27, 2017 · 09:50 PM
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London
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-cyclical capital buffer (CCyB) after it feared credit conditions would tighten after last year's vote to leave the European Union.
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