BoE and Vickers clash on capital rules
Proposals are actually not all that different
The Bank of England (BoE) has dismissed concerns its capital requirements are too low, responding to criticisms raised by John Vickers, who chaired an influential banking reform committee.
In articles published in the Financial Times and Vox on February 15, Vickers warns there are signs the BoE's framework for capital requirements, particularly its systemic risk buffer, fall short of what his committee, the Independent Commission on Banking (ICB), proposes.
Nevertheless, in a statement, the BoE
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