Carney to ease bank liqudity requirements

|By:, SA News Editor

Breaking in a big way with BOE policy under his predecessor, Mark Carney says those banks meeting the minimum 7% capital threshold will be able to reduce the level of required liquid asset holdings. He estimates this would lower total required holdings by £90B once all eight major banks get to 7%.

The Q&A is beginning now.

Earlier from Carney.

BCS +2.5%, RBS +1.7%, LYG +1.8%, HBC -1% premarket.