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Tuesday, July 05, 2022

Bank of England Says Batten Down The Hatches


 

Bank of England tells lenders to prepare for 'deteriorated economic outlook'.

Banks were told to ramp up capital buffers to ensure they can weather the storm.

To help banks ensure they have the resilience needed, an increase in their countercyclical capital buffer rate (CCyB) was confirmed from 1% to 2% from July 2023.

 

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