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UK regulator says satisfied with Lloyds, RBS capital plans

Wed, 22nd May 2013 10:07

LONDON, May 22 (Reuters) - Britain's financial regulatorsaid it had finalised capital requirements for Royal Bank ofScotland and Lloyds Banking Group and wascomfortable with their plans.

The Prudential Regulation Authority said it would releasemore information when it had concluded discussions with allbanks, including, where necessary, if banks need to take stepsto meet any shortfalls.

Lloyds and RBS each said on Wednesday they did not need toissue more equity, and would meet extra capital needs by sellingassets and through retained earnings and restructuring plansthat are underway.

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