LONDON, April 20 — British banks should use their substantial capital and liquidity buffers to support the economy in view of the hit it has taken from the coronavirus pandemic, the Bank of England said today. The British central bank’s Prudential Regulation Authority (PRA) said it expected...
Monday, 20 Apr 2020 09:48 PM MYT
The British central bank’s Prudential Regulation Authority said it expected banks to focus on continuing to support customers. Banks are under pressure from regulators to speed up the disbursement of loans under a government scheme to support companies struggling in the pandemic. The PRA said it would also give lenders sufficient time after the crisis to replenish their liquidity and capital buffers.
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