Oct
22
Bank of England Signals It’s Closer to Increasing Capital Buffer
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U.K. is entering `normal phase’ of credit cycle, Cunliffe says
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BOE isn’t softening stance on banks, deputy governor says
The Bank of England signaled it’s getting closer to using its power to force lenders to build up capital that can be used to support lending in an economic downturn.
Speaking at the British Bankers’ Association annual meeting in London, BOE Deputy Governor Jon Cunliffe said that, while the U.K. banking system and the regulatory framework are far stronger now than they were before the crisis, the risk of a bust is growing…
Bank of England Signals It’s Closer to Increasing Capital Buffer
