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Bank leverage ratio review clarifications expected in summer, BOE’s Woods says

( May 5, 2021, 10:58 GMT | Official Statement) -- MLex Summary: Clarification on which financial firms will be subject to the UK’s leverage ratio framework and bail-in debt requirements can be expected this summer, Bank of England Deputy Governor Sam Woods said today. A review of each framework is being undertaken within the BOE and Prudential Regulation Authority, with the links between the two regimes being closely coordinated, Woods said. Currently the leverage ratio applies to the “most systemic” lenders, but the regulator will now decide whether to maintain that approach or potentially extend the capital requirement to all PRA-regulated firms. The BOE’s review of minimum requirement for own funds and eligible liabilities, or MREL, is also considering minimum-threshold levels.Speech attached....

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