BoE's Tucker: FPC capital powers 'won't be popular'

paul-tucker-boe

Borrowers could be lumbered with additional costs if the Bank of England's (BoE) new financial policy committee (FPC) is given powers to adjust sector-specific capital requirements for banks, according to attendees at the annual meeting of the Association of Corporate Treasurers (ACT) yesterday.

The FPC is yet to be given any statutory powers by the UK parliament but the interim committee met on March 16 to request authority over a number of micro-prudential tools. The committee's mission is to

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: