"If The Fool persists in his Folly he will become wise." - William Blake
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Bigger Buffers for Banks?
Mark Carney has an opportunity to fine-tune the U.K. economy this week as he wields tools the Bank of England acquired after the crisis. A team of financial-stability officials, led by the Governor, will publish its latest assessment of risks and ways to reduce them on Tuesday, as well as the results of its 2015 bank stress tests. Policy makers have said they can use so-called macroprudential measures to see off risks stemming from more than six years of record-low interest rates, including potential overheating in the property market. In focus right now is the countercyclical capital buffer, a tool introduced to ... (full story)