The Basel Committee has published a consultation on the revised Basel 3 leverage ratio framework and disclosure requirements. The document sets out how to capture the exposures that constitute the denominator of the leverage ratio calculation, and the disclosure requirements. Further calibration of the leverage ratio is possible before it comes into force in January 2018, particularly in the light of a Quantitative Impact Study that the Basel Committee will undertake. Public disclosure requirements will apply from January 2015. In its recent Annual Report, BIS had highlighted the complementarity of risk-weighted capital and maximum leverage metrics, as it is difficult to manipulate one without affecting the other in the opposite direction. Comments are due by 20 September 2013. (Source: Consultation on Revised Basel 3 Leverage Ratio Framework and Disclosure Requirements and BIS 83rd Annual Report)