FPC fires a warning shot to banks

In today’s Statement, the Bank of England’s Financial Policy Committee (FPC) fired a warning shot to banks over consumer credit, suggesting that banks would need to increase the amount of capital they hold by £10bn in order to protect against losses. But it stopped short of attempting to rein in lending.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.