The hon. Gentleman is being very generous in giving way, but I want to be clear about his proposition. A target would imply that a bank that was just 10 times leverage would have to raise its leverage ratio to 25 times if it was a 4% target, whereas if it was a 4% minimum leverage ratio, that would be totally different. The bank that leveraged 10 times would not be in breach of that.
Financial Services (Banking Reform) Bill
Proceeding contribution from
David Ruffley
(Conservative)
in the House of Commons on Monday, 8 July 2013.
It occurred during Debate on bills on Financial Services (Banking Reform) Bill.
About this proceeding contribution
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566 c104Session
2013-14Chamber / Committee
House of Commons chamberSubjects
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2013-11-29 10:28:38 +0000
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