Bank of England eye’s ‘strong and simple’ rules for small lenders By Reuters

© Reuters. FILE PHOTO: The outbreak of the coronavirus disease (COVID-19), in London

LONDON (Reuters) – The Bank of England is looking at whether it could introduce a graduated system of capital rules for smaller lenders and building societies, Deputy Governor Sam Woods said on Thursday.

“Moving to a fully graduated regime of this kind would be a major undertaking,” Woods told the City of London’s Mansion House.

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