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: leverage impact on clearing 'will be considered' internationally

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