Mmastodon WorldPolitics first seen 15 h ago, last just now, peak #1
Governments worldwide cut bank capital rules, UK debate looms
Original: Across the world, Govt.'s are lowering capital adequacy ratios for banks; Meg Hillier, chair of the Treasury select comm
Governments around the world are lowering capital adequacy ratios for banks, easing the financial cushions lenders must hold. Meg Hillier, chair of the UK Treasury select committee, expects British banks to lobby hard for the UK to follow the same path. Critics warn the trend could weaken financial stability, while the industry is likely to press for rules that free up capital for lending.
Why now: A global shift in banking regulation is prompting debate over whether the UK will follow suit.
Meg HillierTreasury select committeeUK
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- Across the world, Govt.'s are lowering capital adequacy ratios for banks; Meg Hillier, chair of the Treasury select committee expects banks to be lobbying hard for the UK to follow suit. Which reminds me of something my mother used to say to me when she was exasperated by a… · ChrisMayLA6@mastodon.me.uk · 25
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