Bank of England Deputy Governors Andrew Bailey and Paul Tucker told lawmakers that U.K. regulators should limit the leverage ratio of U.K. banks at 3 percent.
This rule will limit the amount banks can lend relative to their capital. Policymakers now plan to impose this rule on banks, about five years ahead of globally agreed deadline.
"We have made clear that we will go through these with the institutions during the course of this month and we will publish," Bailey said. "We will make clear what the outcome of that is."
Tucker said lobbying by banks on regulation is unacceptable. The new rule should be introduced soon.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.