Bank of England pushes for early move on leverage ratio

The Bank of England’s Financial Policy Committee has recommended UK banks start disclosing their leverage ratio as early as 2013, highlighting problems with risk-weighted asset capital measures. The Committee’s December report, published on Thursday, flags up Dexia as an illustrative example. The Belgian bank had a 10.4% tier one ratio under the EBA’s adverse stress test scenario — but a leverage ratio of 60 times equity.