Bank of England announces plan to relax bank capital requirements

The Bank of England on Tuesday set out plans to relax rules ‌on how much capital banks have to hold against shocks, aiming to align requirements for British banks more closely with international standards as regulators globally come under pressure to revisit requirements aimed at shoring up resilience.

The BoE’s Financial Policy Committee said it would soften the impact of the leverage ratio, which requires lenders to hold a ​minimum ratio of capital against total assets, and announced work to...