LONDON, July 12 (Reuters) - British lender Nationwide said the UK regulator had accepted its plan to meetstricter targets on leverage by the end of 2015 without needingto raise new capital,
The Prudential Regulation Authority last month saidNationwide, Britain's biggest mutually owned lender, fell shortof a leverage target of 3 percent and needed to set out a planto get to that level.
Nationwide said on Friday the PRA had accepted its plan toreach the target by the end of 2015, and said it "does notrequire capital issuance and is consistent with the society'scurrent business model and strategy".