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Bank charges: Banks may need to gain more capital

The Bank of England fears that the current £25 billion in capital that banks are required to have behind them may not be enough.

During a meeting between the Financial Policy Committee (FPC), members discussed concerns over the current levels of capital that banks need to have to protect against risks in investment.

The regulations on capital have been put in to try to protect the UK against another financial crisis, where banks fell into difficulty due to having too much money placed in bad investments.

Similarly, the European Union has said that it could increase the amount of capital that banks need to have under recommendations from the Basel Committee.

Banks have been trying to reduce costs to accommodate the raised level of capital that they need, which has included cutting jobs.

The FPC said that at its next meeting, in June, it will discuss whether changes need to be made to the way that banks assess risks.

John Fieldman

Having worked in the city for 19 years, John's main focus is interest rates and corporate finance.ADNFCR-2776-ID-801567574-ADNFCR

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