UK Regulator Cuts Capital Buffers For High Street Bank

Law360, London (May 1, 2019, 12:52 PM BST) -- The Bank of England cut capital requirements for one of Britain's biggest high-street lenders on Wednesday, suggesting a growing confidence among regulators in the balance sheets of banks.

The central bank's supervisory arm, the Prudential Regulation Authority, has completed its review of a capital requirement designed to strengthen retail banks, known as the systemic risk buffer rate.

The biggest winner on Wednesday was Lloyds Banking Group PLC, which received a big boost as the BoE announced a cut in its rate from 2.5% to 2% — a move that will allow the lender to free up billions of pounds in surplus...

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