Nouy: Europe should keep 3% leverage ratio
SSM chair also wants to end rule opt-outs that make banks "look stronger than they really are"
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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