Don't rush leverage ratio clearing fix, warns BoE
The Bank of England's David Bailey has warned against a "knee-jerk reaction" to the clearing industry's calls for relief from the leverage ratio
Regulators should not respond with "knee-jerk" reactions to industry complaints that the leverage ratio is discouraging banks from offering client clearing, according to a senior Bank of England official.
Banks and other regulators, including the US Commodity Futures Trading Commission (CFTC), have been vocal about their concerns around the impact of the leverage ratio on client clearing
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