Higher UK leverage ratio could spur AT1 issuance
Andrew Tyrie, chair of the UK’s Treasury Select Committee, has called on the Treasury to cede control of the leverage ratio to the Bank of England’s financial policy committee and make it higher than 3%. This could increase UK banks’ requirement for additional tier one capital, bankers told EuroWeek Bank Finance.
The request came just two days before the Banking Standards Commission, which Tyrie also chairs, is due to publish its final report on reshaping the British banking industry in the wake of the financial crisis and the Libor-rigging scandal.
Donald Kohn, former vice chairman of the board of governors
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