<sod >The Bank of England has increased the counter-cyclical capital buffer on UK lenders from zero to 0.5 per cent and signalled that it expects to increase it again to 1 per cent in November.< eod>< sod > The Bank's Financial Policy Committee saidÂ on Tuesday that it will raise the CCBÂ from zero to 0.5 per cent and signalled that it expects to increase it again to 1 per cent in November The move, which lenders will have eighteen months to comply with,Â effectively increases the aggregate capital requirement of UK banks by Â£11.4bn The decision was unveiled alongside the Bank's twice-yearly Financial Stability Report and is a signal that the Bank feels the risks of a credit crunch have now receded and regulators are more concerned about an excess of lending in the economy.< eod>