Reuters: Regulatory News: Britain sets out bank capital rules timetable

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Britain sets out bank capital rules timetable Aug 2nd 2013, 14:13 LONDON | Fri Aug 2, 2013 10:13am EDT LONDON Aug 2 (Reuters) - Britain's banks will have to hold total capital equivalent to 8 percent of their risk-weighted assets from the start of 2015, the Bank of England said on Friday. The central's bank's Prudential Regulation Authority, which supervises lenders, was setting out how it plans to apply new European Union bank capital rules in Britain. The PRA has already forced big lenders to meet or exceed the new rules and Friday's consultation largely refers to smaller banks and other financial institutions that must also comply. "Well capitalised and resilient firms are crucial for ensuring financial stability and supporting UK growth," PRA chief executive and BoE Deputy Governor Andrew Bailey said in a statement.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions