Response by (BBA) to (BoE) financial stability report.
Last week the British Banking Association (BBA) responded to The Bank of Englands (BoE) financial stability report, commenting on the reduction of the countercylical capital buffer, the BBA’s Chief Executive Anthony Browne said:
“This will boost confidence in the British economy at this time of uncertainty, by enabling banks to lend more to businesses and households. It shows the new regulatory regime working as intended, and is a tribute to the strength and resilience of the UK banking sector. Capital requirements for the largest banks are now 10 times higher than before the financial crisis.”
The BBA is the leading trade association for the UK banking sector with 200 member banks headquartered in over 50 countries with operations in 180 jurisdictions worldwide. Eighty per cent of global systemically important banks are members of the BBA. As the representative of the world’s largest international banking cluster the BBA is the voice of UK banking.
To check out other news articles and further information from the (BBA) click here