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: editorial@rttnews.com