BoE’s Cunliffe says leverage ratio is no mere ‘backstop'

Sir John Cunliffe
Jon Cunliffe, Bank of England

The deputy governor of the Bank of England, Jon Cunliffe, used a speech at the Financial Reporting Council annual conference in London yesterday to stress the introduction of leverage ratio regulation in 2019 will complement new risk-based capital rules rather than act as a "backstop".

"The leverage ratio is not a ‘safety net' that one hopes or assumes will never be used," said Cunliffe. "Rather, bank capital adequacy is subject to different types of risks. It needs to be seen through a variety

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: