BOE cuts banks’ capital requirements in response to Brexit shock

Following the release of the bi-annual Financial Stability Report this morning, and in a move to soften the financial fallout from the UK referendum vote to leave the EU, the Bank of England (BOE) has announced that it has eased special capital requirements for banks.

According to the bank's Financial Policy Committee the move could free up £150 billion pounds for lending. "Those UK households and businesses who want to seize viable opportunities … can be confident that they will be supported by the financial system" said Bank of England governor Mark Carney, as he reflected on the forthcoming period of uncertainly and adjustment following the referendum result.

Whilst the move might help to reassure the markets somewhat, businesses may still find it difficult to find the right funding they need. Our independent finance brokerage, BM Structured Finance, provides impartial advice on all aspects of business finance and is able to source and restructure debt finance for businesses, enhancing cash flow liquidity and enabling maximum growth.

Contact Simon Belton or your usual Beavis Morgan Partner for more information about how we can help you find the funding your business needs to grow and thrive.