TITLE

BoE tells banks to raise £25bn extra capital without dip in lending

AUTHOR(S)
Dale, Samuel
PUB. DATE
March 2013
SOURCE
Money Marketing (Online Edition);3/27/2013, p7
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that the Bank of England's financial policy committee has ordered Great Britain banks to raise an extra capital of 25 billion pounds without cutting back on business or mortgage lending. It is stated that the Financial Policy Committee (FPC) has sought to address concerns of the Financial Services Authority (FSA) that banks are not holding enough capital for covering high risk assets and future conduct risk.
ACCESSION #
86706611

 

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