Sunday, June 26, 2022
No menu items!

The Bank of England will no longer enforce the COVID capital buffer requirement.

Must Read

Post-COVID capital buffer requirement to be scrapped by the Bank of England

Now that the risk of a pandemic has passed,

The Bank of England announced on Monday that it would withdraw a post-COVID capital buffer adjustment.

“Removing a no longer necessary temporary capital adjustment aims to achieve simplicity and improve proportionality,

So facilitating effective competition,” the Bank of England said in a statement.

To balance capital requirements and macroprudential buffers,

The Prudential Regulation Authority (PRA) of the Bank of England announced a temporary increase in the buffer for all enterprises that got a Pillar 2A decrease under its PS15/20 policy in July 2020.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Ten Hag begins his reign at Manchester United at Brighton, while Liverpool begins at Fulham.

Man City will begin their championship defense against West Ham United in the final match of the opening weekend's...

More Articles Like This