By Huw Jones LONDON (Reuters) – The complex system of bank capital buffers could be radically simplified to encourage banks to keep lending in a downturn, Bank of England (BoE) Deputy Governor Sam Woods said on Tuesday. As economies went into a tailspin during lockdowns to fight COVID-19 in 2020, banks were leery about tapping their buffers to keep lending, fearing a backlash from investors worried about fresh capital raising. The Basel Committee of global regulators, whose members include the BoE, is looking at how to make buffers more usable after what happened during the pandemic. Woods pro…