BoE plans to ease capital rules on banks in latest loosening of post-2008 controls

Bank of England says stress tests show seven biggest lenders can weather financial hit in severe downturnBusiness live – latest updatesThe Bank of England is easing capital rules for high street banks for the first time in a decade, marking the latest attempt to loosen regulations designed to protect the UK economy in the wake of the 2008 financial crisis.The central bank has announced it will lower capital requirements related to risk weighted assets, by one percentage point to about 13%, reducing the amount lenders must hold in reserve. Continue reading…