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UK government rejection of ICB leverage ratio favours lending over stability, expert says

Rejection of ICB's leverage recommendation puts lending above stability, according to legal expert

mckeemichael-dla-piper
Michael McKee, DLA Piper

The rejection of the UK Independent Commission on Banking's (ICB) recommendation that banks' leverage ratio should sit at 4% of capital base instead of 3% represents a decision by the UK government to sacrifice systemic stability in order to increase lending, according to one legal expert.

In a white paper released on June 14, the government set out its proposals for implementing the

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