EU could go it alone on leverage ratio, says MEP

Kay Swinburne
Swinburne: "If Basel does not deliver, the clearing mandate is important and should take precedence"

An influential member of the European Parliament's economic and monetary affairs committee (Econ) insists the EU should be prepared to go it alone on the application of the leverage ratio, if the internationally agreed version can be shown to harm the provision of client clearing by banks. The industry has long warned that the inclusion of client margin in the calculation of leverage ratio exposures will make client clearing prohibitively expensive.

"It makes sense that the clearing mandate

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