Momentum builds for bank capital checks as Metro Bank struggles
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LONDON (Reuters) - Momentum is building for independent checks on the capital buffers of banks, a senior accounting executive has said, with Metro and Co-operative banks a reminder of what happens when things go wrong.Following a request from the Bank of England, the ICAEW, a professional accounting body, designed a framework for independent checks on how banks calculate their ratio of capital to risky assets, a closely-watched measure of health.Michael Izza, chief executive of the ICAEW, said..