Bank of England forces banks to hold extra £6bn Brexit buffer

First stress tests where no bank has had to add to capital position

Tom Eckett
clock • 3 min read

The Bank of England has raised the UK countercyclical capital buffer rate from 0.5% to 1%, establishing a system-wide total buffer of £11.4bn to protect against the potential risks arising from possible Brexit outcomes.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Trustpilot