Bank of Spain won't activate capital buffers due to coronavirus
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MADRID (Reuters) - The Bank of Spain said on Tuesday it would not activate counter-cyclical buffers for domestic lenders for the foreseeable future due to the economic fallout from the coronavirus pandemic, and it maintained the buffer at 0% for the coming quarter.The buffers seek to mitigate or prevent cyclical risks caused by excessive growth in aggregate credit by requiring lenders to build insurance reserves during times of strong growth which would then be available in the case of a..