Banks will lobby Healey for capital rules cut, says senior MP

Banks are gearing up to lobby the newly appointed Healey, urging a reduction in capital requirements, according to a senior MP. The chair of the Treasury select committee has pointed out that the chancellor can't ignore the global trend towards lower capital requirements. This push for change could have significant implications for the banking sector's stability and competitiveness, highlighting the ongoing tension between national financial regulations and international market trends. For more details, check out the full article on FT.