Baku - APA-Economics. Mark Carney, the governor of the Bank of England, said the Bank of England declared that the central bank is ready to provide an extra £250 billion through its existing facilities. He sought to reassure investors saying the UK is “well prepared” for the event, the Independent reported.
“The capital requirements of our largest banks are now ten times higher than before the crisis. The Bank of England has stress tested them against scenarios more severe than the country currently faces. As a result of these actions, UK banks have raised over £130bn of capital, and now have more than £600bn of high quality liquid assets”, he said in the statement.
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