UK:
FPC Confirms Terms Of Reference For Review Of Leverage Ratio
10 April 2014
Shearman & Sterling LLP
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On 27 March 2014, the Financial Policy Committee
("FPC") of the Bank of England announced the terms of
reference of its review of the leverage ratio. The review was
requested by the Chancellor in November 2013. The FPC review will
consider what leverage standard is required to ensure that the UK
banking system is resilient, in particular, the merits of varying
the leverage ratio in proportion to risk-weighted standards. The
FPC intends to publish the review in November 2014, together with
any necessary recommendation.
The press release is available at: http://www.bankofengland.co.uk/publications/Pages/news/2014/062.aspx.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
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