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

Dale, Samuel
March 2013
Money Marketing (Online Edition);3/27/2013, p7
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.


Related Articles

  • Still a bumpy ride for Basel II. N.C. // Asset Securitization Report;3/20/2006, Vol. 6 Issue 11, p1 

    The article reports on the implementation of the Basel Accord in the European Union via the Capital Requirements Directive which will take effect on January 1, 2007. The Great Britain Financial Services Authority issued its consultation paper on the proposed plants for the implementation of the...

  • Farewell FSA, Hello Bank of England. Contreras, Manuelita // Asia Insurance Review;Oct2010, p38 

    The article reports on the announcement of the planned abolition of the Financial Services Authority (FSA) in Great Britain. It states that the reforms stem from the government's desire to unite and strengthen the regulatory system by shifting more supervisory power to the Bank of England. The...

  • Select view for so many. York, Nicola // Money Marketing;10/29/2009, p12 

    The article reports on the views expressed by British Treasury select committee chairman John McFall on issues facing the financial services industry. McFall stresses that the integration of the Financial Services Authority (FSA) with the Bank of England will play an essential role on the...

  • Council will aim to fight threats to stability. York, Nicola // Money Marketing;7/16/2009, p24 

    The article reports that a council for Financial Stability that would bring together the Financial Services Authority (FSA) and the Bank of England will be created in Great Britain. It mentions that the group will monitor the financial stability and will respond to the long-term risks in the...

  • Authorities in firing line over crunch. Stavro-Beauchamp, Laura // Mortgage Strategy;12/10/2007, p19 

    The article reports on the failure of the Bank of England and Financial Services Authority to support lenders in Great Britain. It has been stated that mistakes were made and there were lack of support in the liquidity system and because of this, qualifying lenders can use repos or repurchasing...

  • MPs want Bank to take lead role over the FSA. Powley, Tanya // Money Marketing;1/31/2008, p2 

    The article reports that the members of the parliament (MPs) have criticized the British Financial Services Authority (FSA) on its failure to regulate the risks resulting from Northern Rock PLC's debacle. A report from the Treasury select committee states that FSA has failed to allocate...

  • Bridge bank planned to save failing firms. Le Gouais, Marcel // Mortgage Strategy;2/4/2008, p10 

    The article focuses on the plan by the government for a bridge bank to facilitate private rescues of failing British banks in Great Britain. The bridge bank enables the government to appoint financially stable private sector banks to manage struggling banks assets and liabilities until a buyer...

  • The cost of eliminating regulatory underlap. Hamilton, Peter // Money Marketing;9/17/2012, p30 

    The article comments on the British government's reform of the financial services industry. The Financial Services Authority (FSA) has published a consultation paper on the Financial Services Bill. If the bill becomes law, the Bank of England's financial policy committee will be responsible for...

  • PRESS RELEASES.  // Venulex Legal Summaries;2009 Q3, Special section p8 

    The article offers news briefs on the British financial services industry. The British Bankers Association (BBA) stresses the need for international cooperation on bank reforms to avoid mismatch and attain recovery and growth. The Bank of England's second quarter bulletin contains reports and...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics