Financial Policy Committee angles for full powers over UK leverage ratio regime
BoE body ‘minded' to recommend to government it be put in charge of design and implementation
The Bank of England's (BoE) Financial Policy Committee (FPC) is likely to recommend the UK government gives it full responsibilities over leverage ratios later this year, including their design and supervision, the body said today.
The FPC said it was "minded to recommend to [the] Treasury that it be granted powers of direction over all components of the leverage ratio framework that are not harmonised under [EU] legislation", as it launched a final consultation on the framework's design, set to
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