As a measure to shift focus on strengthening the lackluster UK economy, the Financial Services Authority has announced that it will ease capital requirements for banks, and that the FSA will not require banks to hold capital against loans given under the government-sponsored Funding for Lending program. The announcement delays an earlier FSA measure which called for banks to comply with the Basel III rules, which themselves require banks to hold at least 10.5% of their capital and will go into full effect in 2019. Wall Street Journal.