The Systemic Risk Buffer for UK Banks: A Response to the Bank of England’s Consultation Paper

John Vickers

Journal of Financial Regulation, 2016, vol. 2, issue 2, 264-282

Abstract: The article responds to the Bank of England’s (BoE) consultation paper of January 2016 on the systemic risk buffer for UK ring-fenced banks. It argues that, contrary to its proposed policy, the BoE should apply the highest permitted buffer rate—3 per cent of risk-weighted assets of common equity—to all large ring-fenced banks. The BoE’s reasons for lowering its estimate of optimal equity capital requirements are assessed critically.

Keywords: banks; capital requirements; leverage; systemic risk buffer (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:oup:refreg:v:2:y:2016:i:2:p:264-282.

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