George Osborne at the Mansion House Dinner

The transcript discusses the anticipated rise in economic activity by 2050 and the importance of wealth creation in cities. It emphasizes that while resolution procedures are crucial, they should complement, not replace, the need for banks to maintain sufficient loss-absorbing capital. Systemically important financial institutions, in particular, must hold higher levels of such capital to ensure financial stability.

What is the relationship between loss absorbing capital and banks?

What must systemically important financial institutions have compared to before?