BoE to give banks ‘significant time’ to restore capital buffers

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BoE to give banks ‘significant time’ to restore capital buffers

Tyler Davies
April 21, 2020 12:00 PM
Bank_of_England_PA_575x375_210420
(200413) -- LONDON, April 13, 2020 (Xinhua) -- Photo taken on April 13, 2020 shows a general view of the Bank of England in London, Britain. Britain's gross domestic product (GDP) could fall by 25 to 30 percent in the second quarter amid the COVID-19 pandemic, British Chancellor of the Exchequer Rishi Sunak said during the weekend, according to local media reports. (Photo by Tim Ireland/Xinhua) | unreguser/Xinhua News Agency/PA Images

Supervisors are encouraging financial institutions to use all of their capital and liquidity buffers as necessary during the coronavirus crisis, signalling that lenders will be given a "significant" amount of time to restore their regulatory ratios to adequate levels.

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