Bank Of England Ups Monzo’s Capital Requirements
PYMNTS
AUGUST 6, 2020
percent of its risk-weighted assets to guard against potential losses. Before the rule change, Monzo was required to have capital worth at 9 percent of its risk-weighted assets as a shield against losses. Monzo Bank Ltd, the London-based online bank, must now have a capital worth of 13.6 the newspaper reported.
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