In November 2013, the Chancellor requested that the Financial Policy Committee (FPC) undertake a review of the role of a leverage ratio in the UK’s capital framework for banks. Having issued a consultation paper on 11 July 2014, the FPC published its final review on 31 October 2014 setting out its proposals for the design of the leverage ratio framework, including its views on the calibration of that framework. This review complements the FPC’s medium-term priorities on the capital framework and on ending ‘too big to fail’ (TBTF).
The Financial Policy Committee's review of the leverage ratio
31 October 2014
Letter from the Governor to the Chancellor
Letter from the Chancellor to the Governor
Exchange of letters - 31 October 2014