Carney: leverage ratio could limit clearing benefits
European officials should look at the impact of the leverage ratio on clearing, the Bank of England chief tells MEPs
Mark Carney, governor of the Bank of England, has warned the leverage ratio could restrict access to clearing houses – limiting the system's benefits – and said this should be "top of the list of issues" considered by European authorities when implementing it.
The impact of the leverage ratio on the clearing business has been a hot topic this year, with banks claiming it will be difficult or impossible to fully pass on the capital costs. Carney said this could limit clearing capacity by pushing
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