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UK lenders accuse Bank of England of ignoring Wall Street’s capital edge

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NEWSDECK ANALYSIS
The Bank of England's regulatory approach has been a subject of debate among UK lenders, who argue that it puts them at a competitive disadvantage compared to their US counterparts. The capital requirements imposed by the Bank of England are a key factor in determining the amount of money that banks must hold in reserve, rather than lending out to customers or investing in their businesses. This difference in capital requirements can have significant implications for the profitability and competitiveness of UK banks in the global market.
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FT UK
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UK lenders accuse Bank of England of ignoring Wall Street’s capital edge
Study estimates differences mean British banks carry £22.5bn extra capital burden relative to US rivals
27 Jul, 04:00
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