Bank of England Plans to Ease Capital Rules Despite AI Stability Concerns
The Bank of England is planning to ease bank capital rules, a move that comes despite concerns about the potential impact of artificial intelligence on financial stability. This decision signals a shift in regulatory approach.
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Bank of England plans to ease bank capital rule
Officials say move is intended to boost lending and support financial markets in a crisis
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Central bank’s financial policy committee members voice concern on trimming big lenders’ financial buffers Business live – latest updates The Bank of England is planning to loosen capital requirements for major UK lenders, even as policymakers expressed concern about the threat to financial stability from rapid AI developments and debt-fuelled stock investments. The central bank said on Tuesday it was looking to remove and loosen some rules introduced after the 2008 financial crisis that de...
By Kalyeena Makortoff Banking correspondent
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