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.
According to its latest Financial Stability Report, the BoE said a combination of a "disorderly" Brexit, severe global recession and stressed misconduct costs could result in "more severe conditions" than...
'Following the letter, but not the spirit, of the rules'
Tech giant still stands out
Reduces chances of rate hike
Designed to park short-term cash