BoE hikes capital buffer for UK banks by £10bn
The Bank of England has raised the cumulative capital required to be held by the UK’s banking industry by an additional £10bn. The move follows the latest stress tests of banks in the country. (Guardian)
‘Bespoke’ free trade deal needed to protect City jobs, says think tank
London and Frankfurt face the risk of losing out to rival cities, including New York and Singapore, in the absence of a free trade agreement on financial services post Brexit, according to a new report by City think tank International Regulatory Strategy Group. (Guardian)