Mmastodon WorldPolitics first seen 2 h ago, last 1 h ago, peak #1
Governments worldwide cutting bank capital requirements, UK debate looms
Original: Across the world, Govt.'s are lowering capital adequacy ratios for banks; Meg Hillier, chair of the Treasury select comm
Governments around the world are lowering capital adequacy ratios for banks, reducing the financial buffers lenders must hold. Meg Hillier, chair of the UK Treasury select committee, expects British banks to lobby hard for the UK to follow suit. The move has prompted concern that weaker capital rules could increase risk in the banking system, echoing criticism of post-2008 safeguards being rolled back.
Why now: Reduced bank capital buffers raise concerns about financial stability, prompting debate over whether the UK will follow the global trend.
Meg HillierTreasury select committeeUK banks
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- Across the world, Govt.'s are lowering capital adequacy ratios for banks; Meg Hillier, chair of the Treasury select committee expects banks to be lobbying hard for the UK to follow suit. Which reminds me of something my mother used to say to me when she was exasperated by a… · ChrisMayLA6@mastodon.me.uk · 9
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