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Home Basel III - International UK Financial Policy Committee to Conduct Review Into Leverage Ratio

UK Financial Policy Committee to Conduct Review Into Leverage Ratio

The UK Chancellor of the Exchequer has requested that the Bank of England’s Financial Policy Committee conduct a review into the role for the leverage ratio within the capital framework for UK banks.  The exchange of letters between the UK Chancellor of the Exchequer and the Governor of the Bank of England are included below.

In his letter, Mark Carney, the Governor of the Bank of England, stated that the Financial Policy Committee will publish some high-level considerations on the role of the leverage ratio within the overall capital framework in its Financial Stability Report on November 28, 2013.

Materials: 

Letter from the Governor of the Bank of England to the UK Chancellor of the Exchequer (Nov. 26, 2013) available here: http://www.bankofengland.co.uk/publications/Documents/news/2013/governorletter261113.pdf

Letter from the UK Chancellor of the Exchequer to the Governor of the Bank of England (Nov. 26, 2013) available here: http://www.bankofengland.co.uk/publications/Documents/news/2013/chancellorletter261113.pdf

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