Last checked at 
LONDON, July 10 (Reuters) - Growing fines for banks formisconduct is making it harder for regulators to work out howmuch capital lenders should be holding, Bank of England DeputyGovernor Andrew Bailey said on Thursday.
Bailey said regulators such as the BoE have to look at thedirection of travel of fines, particularly in the United States,to see what potential fines are in the pipeline.
Banks have been fined millions of pounds for rigging theLibor interest rate benchmark and allegations are now emergingthat the foreign exchange market has been manipulated as well.
"This is a considerable dent in rebuilding bank capital,"Bailey told a Bloomberg event.
"So far this has not caused a major financial stabilityissue. These are things on a scale that have to be handled veryclosely to deal with the issues around them." (Reporting by Huw Jones; editing by Jason Neely)
