5.1%

Standard Chartered’s Tier-1 capital to risk-weighted assets.

its thinking on capital regulation. It signalled it will gradually increase the countercyclical-capital buffer to 1 per cent as the UK economy recovers from the crisis and risks to stability re-emerge. The buffer forces banks to set aside capital to support lending in a downturn and is currently at zero per cent.

Banks were able to improve their capital positions in anticipation of the stress tests, which began earlier this year.

Rex Features Waived through Standard Chartered’s headquarters in London. The bank did not meet its Tier-1 minimum capital ratio but the BoE gave it a waiver on the basis of recent steps to strengthen its capital base.