Deals
Carney Offers Banks Liquidity-Rule Sweetener for Lending
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The Bank of England moved to boost lending to consumers and businesses by the largest U.K. banks by offering to ease liquidity rules for institutions that meet capital targets.
The central bank will allow the main U.K. lenders to shrink required holdings of low-yielding, easy-to-sell securities, such as government bonds, once they hold capital reserves equivalent to 7 percent of their risk-weighted assets, Governor Mark Carney said today in his first policy speech since taking over from Mervyn King in July.