Adoption of the leverage ratio by countries outside the Basel Committee has yet to take off, with only 16 out of 100 jurisdictions surveyed saying they have implemented the capital measure, a paper published by the Bank for International Settlements (BIS) shows.

The Basel Committee is made up of 45 institutions from 28 jurisdictions that all commit to implement agreed standards for the internationally active banks under their watch. But many countries beyond these 28 have adopted Basel