Economy
Bank of England to drop post-COVID capital buffer rule
The Bank of England said on Monday that it would remove a post-COVID capital buffer adjustment now that risks from the pandemic had subsided. “Removing a temporary capital adjustment that is no longer necessary aims to achieve simplicity and enhances proportionality, thereby facilitating effective competition,” the BoE said in a statement.
In July 2020, the BoE’s Prudential Regulation Authority (PRA) announced the temporary increase of the buffer for all firms that received a Pillar 2A reduction under its PS15/20 policy to reconcile capital requirements and macro prudential buffers. Reuters
-
News21 hours agoCardoso formally receives Central Bank of the Year Award
-
Economy21 hours agoNigeria’s Digital Boom needs nuclear power partnerships for long-term success
-
Uncategorized21 hours ago
June 12 Democracy Day declaration not enough, as citizens wallow in pain – ActionAid, FG declares Friday public holiday
-
Oil and Gas21 hours agoNNPC is house of thieves, fraud; Kyari must be arrested dead or alive to account for N210 trillion—Oshiomhole
-
Oil and Gas21 hours agoDangote Refinery seeks $1bn private placement ahead of planned listing
-
News21 hours agoMiddle East Conflict sends global growth to lowest rate since COVID-19, WBG to Provide up to $100bn for Affected countries over 15 Months—WBG
-
News21 hours agoHigh cost of cooking gas‘ll negatively impact environment, health, CPPE warns