BOE, the Leverage Ratio, and Capital.
This week, the Bank of England offered two highly readable publications, each for a different reason.
- The Financial Policy Committee launched a consultation on the design of a leverage ratio framework for the UK. This is a very insightful release, even though the consultation period is a tad short: The FPC consultation will close on 14 August 2014. Click here for the BOE link.
- Andrew Bailey gave a brilliant speech, putting bank capital in historical perspective: “The capital adequacy of banks: today’s issues and what we have learned from the past.”