BoE said to ease banks’ capital requirements after Brexit vote

The Bank of England is planning to cut banks’ capital requirements as early as next week, Bloomberg reports citing people with knowledge of the discussions.

This measure would give lenders more flexibility to withstand the fallout of the Brexit.

The BoE plans to reverse a decision it took in March to raise the countercyclical capital buffer for UK exposures to 0.5 percent of risk-weighted assets from zero, which was to become binding from March 29 2017.