French banks’ leverage ratios rally on EU court win
Improvements of 10 to 30 basis points follow change to leverage measure
French banks have unveiled the expected improvements to their leverage ratios following a European court’s ruling that deposits held at state-backed institutions should be excluded from their calculation.
The July 13 verdict reversed a decision by the European Central Bank (ECB) that forced French dealers to include customer savings placed at the state-owned Caisse des Dépôts et Consignations in their measure of total exposures. The leverage ratio is calculated by dividing Tier 1 capital by
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