Treasury consults on leverage ratio: Treasury has accepted the recommendations of the Financial Policy Committee (FPC) of BoE and is consulting, until 28 November, on granting the FPC a power of direction to set:

  • a minimum leverage ratio requirement at 3%;
  • a supplementary leverage ratio buffer rate proportional to any systemic risk-weighted capital buffers using a scaling factor of 35%, also applicable to ring-fenced banks and building societies; and
  • a countercyclical leverage ratio buffer rate proportional to countercyclical buffers, again using a scaling factor of 35%.

(Source: Treasury Consults on Leverage Ratio)

Treasury updates sanctions: Treasury has updated the sanctions lists in respect of Al Qaida and designations under the Terrorist Asset Freezing Etc Act 2010. (Source: Treasury Updates Sanctions)