Bank of England (BoE) deputy governor Paul Tucker today called for a 3% leverage ratio to be imposed immediately on UK banks, five years earlier than initially planned.
Speaking before the UK Parliamentary Treasury Select Committee, Tucker said it was appropriate to apply the new leverage ratio rules – which measure banks' capital against total rather than risk-weighted assets – straight away.
The Basel Committee on Banking Supervision put forward the methodology banks must use to calculate leve
- James Bullard on 2% rates, tariffs and Fed leadership
- Turkish central bank raises overnight rates in bid to stop lira’s fall
- Podcast: David Hendry and John Muellbauer on empirical macro
- Policies must change to stop emerging markets crisis, analysts say
- Next financial crisis “will be brewing” in shadow banking – Bullard