On October 31, 2014, the Financial Policy Committee's ("FPC") review of the role of the leverage ratio in the capital framework for UK firms was published by the Bank of England ("BoE"). The FPC requests that HM Treasury enables the FPC to give directions to the Prudential Regulation Authority ("PRA") to set leverage ratio requirements and buffers for PRA-regulated institutions. The directions should include a minimum leverage ratio requirement, a supplementary leverage ratio buffer to apply to global systemically important banks and major UK institutions, as well as a countercyclical ratio buffer. The BoE also published a letter from George Osborne, the Chancellor of the...
Bank Of England Publishes Financial Policy Committees Review Of Role Of Leverage Ratio
|Author:||Shearman & Sterling LLP|
|Profession:||Shearman & Sterling LLP|
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