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Friday, March 23, 2012

UK: ''Banks urgently need to raise more capital, says BoE''

From The Telegraph

"The warning from the Bank's new Financial Policy Committee, created as a new risk watchdog, underlined the ongoing fragility of the banking system.

A statement released following the FPC's meeting on March 16 said: "The Committee remained concerned that capital was not yet at levels that would ensure resilience in the face of prospective risks and noted that the ability to make further progress via greater restraint of cash distributions was limited."

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