Bank of England financial-stability officials discussed increasing the countercyclical-capital buffer for banks at a more rapid pace to increase the resilience of lenders.
The majority of the Financial Policy Committee wanted to raise the buffer by 0.5 percent, while a minority pushed for a faster increase to 0.75 percent, according to the record of the meeting held on March 23. The panel said it would revisit the level after the U.K. votes on whether to remain in the European Union and when it has more information on the impact of tax changes in the buy-to-let market.
