Skip to main content


August 5, 2016

Independent UK: UK’s four biggest banks £155bn short of safety, warn experts

“The UK’s four biggest banks would need to raise another £155bn in fresh capital to withstand a new financial crisis, despite the view of the Bank of England Governor that lenders have an adequate cushion to cope with further turmoil. Those are the results of research from three respected financial academics – and add to a growing feeling that the Bank of England is dangerously undercooking its capital requirements on UK lenders in the face of swelling instability in financial markets. UK banks had to be rescued in 2008 and 2009 at huge cost to British taxpayers.”


“Robert Jenkins, a senior fellow at Better Markets and a former member of the Bank’s own Financial Policy Committee, said:  “The balance sheets of these banks represent a multiple of UK GDP. That the adequacy of their loss absorbing capital is so hotly contested 8 years on from [the collapse of Lehman Brothers] shows the failure of financial reform.”


To read the full Independent UK article by Ben Chu click here.

In the News


For media inquiries, please contact us at or 202-618-6433.

Contact Us

For media inquiries, please contact or 202-618-6433.

To sign up for our email newsletter, please visit this page.

This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

"* (Required)" indicates required fields

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact or 202-618-6433.


Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today