Are UK’s countercyclical capital buffers high?
The Bank of England stress test results are out. A comprehensive report covering this exercise can be found here. The report surprised me a bit, because its repeatedly mentions the countercyclical capital buffer requirement. The BOE decided to keep at 1 percent. Hardly newsworthy, that percentage was announced a year ago. Still, the report mentions… Read More Are UK’s countercyclical capital buffers high?