Bank of England plans to ease capital rules despite AI stability fears
Central bank’s financial policy committee members voice concern on trimming big lenders’ financial buffers Business live – latest updates The Bank of England is planning
Central bank’s financial policy committee members voice concern on trimming big lenders’ financial buffers Business live – latest updates The Bank of England is planning to loosen capital requirements for major UK lenders, even as policymakers expressed concern about the threat to financial stability from rapid AI developments and debt-fuelled stock investments. The central bank said on Tuesday it was looking to remove and loosen some rules introduced after the 2008 financial crisis that determine the size of the financial cushion required to absorb losses and protect consumers and taxpayers when things go wrong. Continue reading...
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