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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
![Bank of England governor Mark Carney Bank of England governor Mark Carney](/sites/default/files/styles/landscape_750_463/public/import/IMG/507/282507/carney-mark-580x358.png.webp?itok=3jbjhTdc)
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
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