By Huw Jones
LONDON (Reuters) - Banks felt a stigma about dipping into their capital buffers to keep on lending during last year's coronavirus-related market turmoil and lessons need to be learned, the Bank of England said on Wednesday.
Markets suffered extreme bouts of volatility in March 2020 when the UK economy went into lockdown to fight the COVID-19 pandemic, starting the worst downturn in 300 years.
Victoria Saporta, the BoE's executive director for prudential policy, said the UK banking system remained resilient through the pandemic and continued to provide credit to the economy.
"The key issue here is that there may be stigma associated with use of a regulatory buffer," Saporta told a BoE webinar.
"At the same time, we should not ignore the evidence that points towards issues with the original Basel 3 vision on buffer usability," Saporta added, referring to the Basel Committee of global regulators who designed how buffers are structured.
The BoE allowed banks to tap their so-called counter cyclical capital buffer, a small buffer on top of their core requirements.
Regulators encouraged banks to tap into other buffers given the magnitude of the crisis, but lenders were reluctant to do so, worried about adverse market and credit rating reactions.
Banks were also having to make provisions to cover loans potentially turning sour because of the lockdowns.
"If a regulatory buffer is not practically usable in the sense that banks do not want to dip into it, then it has little value in helping firms to absorb shocks in ways that keep lending going in bad times," Saporta said.
Regulators need to reflect on the experience gleaned during the pandemic otherwise "we may live to regret it", Saporta said.
EUR/USD
1.0792
+0.0005 (+0.05%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (11)
Sell (0)
EUR/USD
1.0792
+0.0005 (+0.05%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (11)
Sell (0)
GBP/USD
1.2621
-0.0001 (-0.01%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
USD/JPY
151.30
-0.07 (-0.04%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (10)
AUD/USD
0.6518
+0.0003 (+0.05%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (2)
USD/CAD
1.3542
+0.0004 (+0.03%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (1)
Sell (7)
EUR/JPY
163.21
-0.04 (-0.02%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
EUR/CHF
0.9728
+0.0001 (+0.01%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (8)
Sell (1)
Gold Futures
2,254.80
42.10 (1.90%)
Summary
BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (5)
Sell (0)
Silver Futures
25.100
+0.002 (+0.01%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
Copper Futures
4.0115
-0.0003 (-0.01%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (7)
Sell (0)
Crude Oil WTI Futures
83.11
+1.76 (+2.16%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
Brent Oil Futures
86.99
+0.04 (+0.05%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (2)
Sell (3)
Natural Gas Futures
1.752
+0.034 (+1.98%)
Summary
↑ SellMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (0)
Sell (6)
US Coffee C Futures
188.53
-2.12 (-1.11%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (9)
Euro Stoxx 50
5,082.85
+1.11 (+0.02%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (6)
S&P 500
5,254.35
+5.86 (+0.11%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (3)
Sell (8)
DAX
18,504.51
+27.42 (+0.15%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (0)
FTSE 100
7,952.62
+20.64 (+0.26%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (10)
Hang Seng
16,541.42
0.00 (0.00%)
Summary
NeutralMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (3)
Sell (1)
US Small Cap 2000
2,120.15
+5.80 (+0.27%)
Summary
NeutralMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (5)
Sell (4)
IBEX 35
11,074.60
-36.70 (-0.33%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (5)
BASF SE NA O.N.
52.930
-0.320 (-0.60%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (6)
Sell (1)
Bayer AG NA
28.43
+0.01 (+0.04%)
Summary
BuyMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (7)
Sell (1)
Allianz SE VNA O.N.
277.80
+0.35 (+0.13%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (0)
Adidas AG
207.00
+2.30 (+1.12%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (6)
Sell (0)
Deutsche Lufthansa AG
7.281
+0.104 (+1.45%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (0)
Sell (6)
Siemens AG Class N
176.96
+0.04 (+0.02%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (10)
Sell (0)
Deutsche Bank AG
14.582
-0.030 (-0.21%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (1)
EUR/USD | 1.0792 | ↑ Buy | |||
GBP/USD | 1.2621 | ↑ Buy | |||
USD/JPY | 151.30 | ↑ Sell | |||
AUD/USD | 0.6518 | ↑ Buy | |||
USD/CAD | 1.3542 | ↑ Sell | |||
EUR/JPY | 163.21 | ↑ Buy | |||
EUR/CHF | 0.9728 | ↑ Buy |
Gold | 2,254.80 | Buy | |||
Silver | 25.100 | ↑ Buy | |||
Copper | 4.0115 | ↑ Buy | |||
Crude Oil WTI | 83.11 | ↑ Buy | |||
Brent Oil | 86.99 | Neutral | |||
Natural Gas | 1.752 | ↑ Sell | |||
US Coffee C | 188.53 | ↑ Sell |
Euro Stoxx 50 | 5,082.85 | ↑ Sell | |||
S&P 500 | 5,254.35 | ↑ Sell | |||
DAX | 18,504.51 | ↑ Buy | |||
FTSE 100 | 7,952.62 | ↑ Sell | |||
Hang Seng | 16,541.42 | Neutral | |||
Small Cap 2000 | 2,120.15 | Neutral | |||
IBEX 35 | 11,074.60 | ↑ Sell |
BASF | 52.930 | ↑ Buy | |||
Bayer | 28.43 | Buy | |||
Allianz | 277.80 | ↑ Buy | |||
Adidas | 207.00 | ↑ Buy | |||
Lufthansa | 7.281 | ↑ Sell | |||
Siemens AG | 176.96 | ↑ Buy | |||
Deutsche Bank AG | 14.582 | ↑ Buy |
Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
---|---|
SJC Eximbank | 7,910/ 8,080 (30/ 30) # 1,364 |
SJC HCM | 7,900/ 8,100 (0/ 0) # 1,384 |
SJC Hanoi | 7,900/ 8,102 (0/ 0) # 1,386 |
SJC Danang | 7,900/ 8,102 (0/ 0) # 1,386 |
SJC Nhatrang | 7,900/ 8,102 (0/ 0) # 1,386 |
SJC Cantho | 7,900/ 8,102 (0/ 0) # 1,386 |
Cập nhật 29-03-2024 19:36:18 | |
Xem lịch sử giá vàng SJC: nhấn đây! |
ↀ Giá vàng thế giới | ||
---|---|---|
$2,232.75 | -1.61 | -0.07% |
ʘ Giá bán lẻ xăng dầu | ||
---|---|---|
Sản phẩm | Vùng 1 | Vùng 2 |
RON 95-V | 24.690 | 25.180 |
RON 95-III | 24.280 | 24.760 |
E5 RON 92-II | 23.210 | 23.670 |
DO 0.05S | 21.010 | 21.430 |
DO 0,001S-V | 21.640 | 22.070 |
Dầu hỏa 2-K | 21.260 | 21.680 |
ↂ Giá dầu thô thế giới | |||
---|---|---|---|
WTI | $82.82 | +5.39 | 0.07% |
Brent | $86.82 | +5.18 | 0.06% |
$ Tỷ giá Vietcombank | ||
---|---|---|
Ngoại tệ | Mua vào | Bán ra |
USD | 24.600,00 | 24.970,00 |
EUR | 26.020,03 | 27.447,78 |
GBP | 30.490,41 | 31.787,64 |
JPY | 158,93 | 168,22 |
KRW | 15,91 | 19,28 |
Cập nhật lúc 18:53:13 29/03/2024 Xem bảng tỷ giá hối đoái |