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

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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.


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