The article responds to the Bank of England’s (BoE) consultation paper of January 2016 on the systemic risk buffer for UK ring-fenced banks. It argues that, contrary to its proposed policy, the BoE should apply the highest permitted buffer rate—3 per cent of risk-weighted assets of common equity—to all large ring-fenced banks. The BoE’s reasons for lowering its estimate of optimal equity capital requirements are assessed critically.

中文翻译：

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英国银行的系统性风险缓冲：对英格兰银行咨询文件的回应

这篇文章回应了2016年1月英格兰银行（BoE）的咨询文件，该咨询文件涉及英国设有圈状银行的系统性风险缓冲。它认为，与其提议的政策相反，英国央行应将允许的最高缓冲率（普通股风险加权资产的3％）应用于所有大型的有围栏的银行。严格评估英国央行降低其最佳股权资本要求估计值的原因。