News Headline Summary

BoE says banks vulnerable to abrupt increase in interest rates

- Banks can scale back cash liquidity buffers to 80% of Basel minimum until Jan 2015.
- BoE to decide by Q4 if banks should use standardized Basel 3 model for calculating risks on books.
- Financial stability outlook still clouded by weak global recovery, Eurozone problems.

Print 09:30, 26 Jun 2013 - BoE - Source: Newswires