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Podcast: Beyond Currency
Episode: 14 July 2021 - BoE lifts bank dividend ban
Description: "The Bank of England’s Financial Policy Committee published its twice-yearly report on risks to the economy yesterday, together with several changes to measures that have been in place during the Pandemic.
The Committee performed several stress tests on the outcome of the Pandemic on the financial markets and its participants, and it was decided that with immediate effect, banks would no longer be banned from paying dividends to their shareholders.
This restriction was initially put in place in March of last year to protect banks’ capital base that was expected to come under pressure from the fallout of businesses ceas...