BoE removes dividend restrictions on banks

The decision follows a 16 month curb on dividend payouts. The BoE said that banks were now strong enough to support the economy throughout the rest of the pandemic and the interim results of the upcoming stress test showed the sector was "resilient". The Financial Policy Committee (FPC) said "extraordinary guardrails on shareholder distributions are no longer necessary". Elsewhere in the financial stability report the BoE raised concerns about increased risk taking. The BoE Highlighted, among other things, the growing institutional investor interest in cryptoassets. "These devel...