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READ MOREBoE may force banks to use buffers in a crisis, official says
The Bank of England may oblige all banks to tap their capital buffer and stop paying dividends in a crisis to avoid a vacuum in lending to households and businesses, one of its senior officials said on Thursday.
Banks were reluctant to use up some of their capital buffers during extreme market volatility after economies went into lockdowns to fight COVID-19 in March 2020, an issue global regulators are already studying.
Read more at Reuters
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