Bank of England tells banks to use excess capital to help customers

by Aurelia Butler 20 April 2020, 12:20 119 Views

The BoE’s Prudential (LON:PRU) Regulation Authority (PRA) said it expects banks to focus on continuing to support customers.

“Banks are expected to use their liquidity buffers in doing so, even if it means liquidity coverage ratios go significantly below 100%,” the PRA said in guidance to lenders.

The PRA said they would give lenders sufficient time after the crisis to replenish their liquidity and capital buffers.

Source: Economy - investing.com

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Bank of England tells banks to use excess capital to help customers

Brazil growth, inflation, rates outlook sink to new lows: central bank survey

Stocks making the biggest moves in the premarket: Halliburton, Disney, PepsiCo, Walmart & more

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