LONDON, Dec 2 - Britain's central bank on Tuesday eased the capital requirements for lenders, reducing the amount they need to hold in reserve against adversity in a boon to banks already riding high from record recent profits.
The Bank of England said its capital framework review showed that the benchmark for Tier 1 capital requirements for lenders, set at 14% since 2015, could be reduced by 1 percentage point to 13%.
(Reporting by Lawrence White; Editing by Tommy Reggiori Wilkes)
((lawrence.white@tr.com))