Full detail available here
I will post up the highlights
- uk lenders had gbp 25bln shortfall at the end of 2012
- lenders should meet rquirments by issuing new capital and restructuring balance sheets without hindering lending
- recommends gbp 38 bln as capital requirement
- increase in capital ratios required after 2013
- objective remains to achieve the Basel III capital tier ratio of at least 1% by end 2013
- recommends regular stress testing of uk banks from 2014.
- no plans for further capital recommendations before tests