We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

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...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

map

Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.

Related

Sections

Companies

Government Agencies