Core Viewpoint - The Deputy Governor of the Bank of England, Andrew Bailey, stated that the support provided by the countercyclical capital buffer exceeds the federal buffer under the Basel framework [1] Group 1 - The countercyclical capital buffer is designed to enhance the resilience of the banking sector during economic downturns [1] - The current support measures are more robust than those outlined in the Basel Agreement, indicating a proactive approach by the Bank of England [1] - This strategy aims to ensure that banks maintain sufficient capital to absorb losses and continue lending during periods of financial stress [1]