LONDON (Reuters) – Applying the remaining set of global bank capital rules in Britain will increase capital requirements by about 6% by the end of the decade, the Bank of England said on Wednesday.
“All in all, the impact will be limited until the mid-to-late 2020s, and by 2030 and full phase in we think that Basel 3.1 will increase capital requirements by a small amount on average across UK firms. And we’re giving firms plenty of time to adjust,” BoE director Phil Evans told a UK Finance event.
(Reporting by Huw Jones, Editing by Louise Heavens)
