BANK 3.2.3 Required ongoing capital

(1) A banking business firm must have at all times capital at least equal to the higher of:
(a) its base capital requirement; and
(b) its risk-based capital requirement.

Note A firm whose minimum capital requirement is its risk-based capital requirement is subject to the additional requirement to maintain a capital conservation buffer — see rule 3.3.2.
(2) The amount of capital that a firm must have is its minimum capital requirement.
Derived from QFCRA RM/2014-2 (as from 1st January 2015).