Mmastodon WorldPolitics first seen 2 d ago, last 1 d ago, peak #1
Governments worldwide cut bank capital adequacy ratios
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 reserves lenders must hold. Meg Hillier, chair of the UK Treasury select committee, expects British banks to lobby hard for the UK to follow suit. Critics warn the trend could weaken financial safety buffers built up after past banking crises.
Why now: A global loosening of bank capital rules raises fresh concerns about financial stability and pressure on UK regulators to follow.
Meg HillierTreasury select committeeUK banks
Evidence
- 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 · 25
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