U.K. Banks May Need $5.1 Billion of Capital for Ring-fencing
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The U.K.’s largest banks may face higher capital requirements under Bank of England rules on the separation of retail operations from riskier investment banking.
The BOE’s Prudential Regulation Authority estimates that so-called ring-fencing could mean an additional capital requirement of 2.2 billion pounds ($3.4 billion) to 3.3 billion pounds by 2019, when the rules kick in.