Bank of England sets out 'near-final' plans to tighten capital rules for UK banks

These standards cover the amount of capital banks need to hold against the risks they take and are agreed at international level by the Basel Committee on Banking Supervision.  In a statement today (12 December), the PRA said the requirements will be "low" and result in an average increase in Tier 1 capital requirements for UK firms of around 3%, once fully phased in.  Bank of England faces calls to delay new global banking capital rules - reports This is lower than the European Banking Authority's estimate of a Tier 1 increase of around 10% in the EU and the US agencies' estimate ...