UK’s biggest lenders must set aside a further £27bn of special capital by 2020 to be secure against potential collapse,says Bank of EnglandThe probability of another financial crisis hitting the UK will be carve by a third whether Britain’s biggest banks find a further £27bn of special capital in the next four years, according to the Bank of England.
Publishing a consultation paper on the type of capital banks must hold on Friday, or the Bank said the big lenders were holding about £195bn of bonds that could be used to bail them but needed £223bn to be secure against a potential collapse.
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Source: theguardian.com