On 26 November 2013, the Chancellor of the Exchequer requested the Financial Policy Committee (FPC) to undertake a review of the leverage ratio within the capital framework. This consultation paper sets out the FPC’s analysis on the policy choices that would determine the role of a leverage ratio in the capital framework in the United Kingdom. The responses to this consultation paper will inform the final review intended to be published by the FPC by November 2014.
The Financial Policy Committee’s review of the leverage ratio