Bank of England to Ease Capital Pressure on U.K. Banks
December 01 2015 - 2:40AM
Dow Jones News
By Max Colchester, Jason Douglas and Margot Patrick
LONDON--The Bank of England Tuesday said it would ease pressure
on U.K. banks to hold more capital, drawing a line under years of
post-crisis reforms aimed at making the banking sector safer.
The central bank said that capital requirements wouldn't
continue to creep up in coming years stating that lenders needed to
hold Tier 1 equity of 11% of risk adjusted assets by 2019, a target
that most banks have nearly already hit.
The announcement came as the Bank of England issued the results
of its latest U.K. bank stress test. The Royal Bank of Scotland
Group PLC and Standard Chartered PLC both failed aspects of the
balance sheet check but the central bank stopped short of forcing
them to raise more capital.
Write to Max Colchester at max.colchester@wsj.com, Jason Douglas
at jason.douglas@wsj.com and Margot Patrick at
margot.patrick@wsj.com
(END) Dow Jones Newswires
December 01, 2015 02:25 ET (07:25 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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