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BoE says UK lenders to be hit less than EU, U.S. rivals by Basel capital rules

Tue, 12th Dec 2023 07:16

LONDON, Dec 12 (Reuters) - The Bank of England said on Tuesday that implementing the final leg of the global Basel bank rules will increase capital requirements at UK banks by 3%, less than for their European Union and U.S. peers.

“The rules published today implement the latest Basel standards in the UK and include appropriate adjustments to take on points raised by respondents to our consultation," BoE Deputy Governor Sam Woods said in a statement.

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