Central Banking

BoE's Tucker wants immediate 3% leverage ratio in UK

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Paul Tucker

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

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