Bank is reviewing the lending criteria adopted by firms and stands ‘ready to take action’ to intervene in housing marketBanks pass stress tests - commerce liveThe Bank of England said it is ready to take action to cool the buy-to-let housing market as it build UK banks on notice that they could be forced to hold up to £10bn of capital in anticipation of an economic downturn.
Announcing the results of its “stress tests” designed to degree how banks would cope with another financial crisis, Threadneedle Street said Standard Chartered and Royal Bank of Scotland had the weakest financial positions.
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Source: theguardian.com