Bank of England's Bailey sees no need to cap bank payouts to shareholders
07/07/2026 12:09
Bank of England's Bailey sees no need to cap bank payouts to shareholders LONDON, July 7 (Reuters) - Bank of England Governor Andrew Bailey said on Tuesday he did not expect the central bank would move to cap how much money banks and other financial firms pay to shareholders as part of planned changes to leverage rules.
"We operate in a capitalist system," Bailey said. "So I think it would be inappropriate for us to, in any sense, cap returns to shareholders," Bailey told reporters. "We did it during Covid. That was an absolute emergency."
(Reporting by David Milliken and Phoebe Seers
Writing by William Schomberg)((william.schomberg@thomsonreuters.com; +44 207 542 7778; Reuters Messaging: william.schomberg.reuters.com@reuters.net))