Nouy: Europe should keep 3% leverage ratio

The minimum leverage ratio should remain at 3% until evidence suggests otherwise, but national discretions in the capital rules should also be removed, according to Danièle Nouy, head of the eurozone's Single Supervisory Mechanism

Danièle Nouy: ready for a fight over national discretions

Europe should stick to the 3% leverage ratio agreed by international regulators for the time being, according to Danièle Nouy, chair of the eurozone's new big-bank watchdog, the Single Supervisory Mechanism (SSM).

That would protect banks from the higher levels agreed or under discussion elsewhere but, in an interview with Risk, Nouy also hits out at national tweaks of capital rules that make banks "look stronger than they really are". If national supervisors are not willing to play ball, Nouy

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