BOE Clashes With FCA on Trading Firms’ Capital Rules, Reports Say

The Bank of England has raised concerns about plans by the FCA to soften the capital requirements for the likes of Citadel Securities, Jane Street and Hudson River Trading, according to the Financial Times.

The FCA proposals are designed to boost liquidity in financial markets but central bank officials are worried it could increase the risk of a systemic crisis, the paper said, citing unnamed people familiar with the talks.