UK government rejection of ICB leverage ratio favours lending over stability, expert says
Rejection of ICB's leverage recommendation puts lending above stability, according to legal expert
The rejection of the UK Independent Commission on Banking's (ICB) recommendation that banks' leverage ratio should sit at 4% of capital base instead of 3% represents a decision by the UK government to sacrifice systemic stability in order to increase lending, according to one legal expert.
In a white paper released on June 14, the government set out its proposals for implementing the
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