BoE notes capital concerns at investment banks

08/5/2013 | Reuters · Bloomberg

The Bank of England says foreign investment banks in the U.K. need about £29 billion to meet Basel III rules intended to protect taxpayers from having to aid lenders. The Prudential Regulation Authority, a division of the central bank, says banks also need to improve capital quality. "Well-capitalized and resilient firms are crucial for ensuring financial stability and supporting U.K. growth," PRA CEO Andrew Bailey wrote in an e-mail.

View Full Article in:

Reuters · Bloomberg

Published in Brief: