Mmastodon WorldPolitics first seen 11 h ago, last 24 min ago, peak #1
Governments worldwide cut bank capital requirements, UK scrutiny follows
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 government to follow suit. The move raises familiar concerns that loosened banking rules could once again shift risk onto taxpayers and regulators.
Why now: Banking capital rules are being relaxed globally, prompting debate over whether the UK will follow and what that means for financial stability.
Meg HillierTreasury select committeeUK Governmentbanks
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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 · 24
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