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.

26 Jun 2013 - 10:30 - - Source: Newswires

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