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Banks may need to flex their capital under new FPC powers

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Published on: 05 February 2013

Published by a LexisNexis Financial Services expert

Table of contents

Original News
What are the FPC’s planned powers?
How often do you think they can be used?
When can the FPC increase capital requirements and release them?
Are the FPC’s powers suitable?
Could there be any unintentional consequences?
What should banks and their lawyers be doing to prepare for the coming changes?

Article summary

Financial Services analysis: Should lawyers be dusting off their macroeconomics textbooks? Jeremy Jennings-Mares, partner in the Morrison & Foerster capital markets practice, explains the proposed new rules through which the Financial Policy Committee (FPC) will be able to require banks to increase their capital reserves.

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