BoE’s crisis lending plan hits buffers
The Bank of England thinks it’s found a way to get UK lenders to keep credit flowing in a crisis.
A plan released for consultation on July 7 would make more of the capital buffers banks hold on top of required minimums ‘releasable’, meaning they can be lowered to 0% at the regulator’s discretion, freeing up capacity to lend and invest.
Critics say the idea is appealing on paper, but fraught in
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