What does "lower bank buffer" mean?

[Mcdogg]

For example, Bank of England state all FPC agreed to lower bank buffer and are willing to act further if necessary.
How does this affect the the GBP?
Thanks

 

[Enivid]

They lowered the Countercyclical Capital Buffer (CCyB) requirements for banks. The buffer is the capital set aside by the banks to weather the adverse effects of economical cycles. The BoE lowered the CCyB rate to give banks more liquidity in the current turbulent times caused by the Brexit.

More about Countercyclical Capital Buffer:
http://www.bankofengland.co.uk/financialstability/Documents/fpc/policystatement050416.pdf

 

[Mcdogg]

They lowered the Countercyclical Capital Buffer (CCyB) requirements for banks. The buffer is the capital set aside by the banks to weather the adverse effects of economical cycles. The BoE lowered the CCyB rate to give banks more liquidity in the current turbulent times caused by the Brexit.

More about Countercyclical Capital Buffer:
http://www.bankofengland.co.uk/financialstability/Documents/fpc/policystatement050416.pdf

I understand it now, thanks for the help