LONDON, May 4 (Reuters) - The Bank of England said it will
allow banks to exclude state-backed small company loans made
under Britain's new emergency coronavirus Bounce Back credit
scheme from leverage rules, removing a possible disincentive for
banks to lend.
"The PRA (Prudential Regulation Authority) is offering a
modification by consent for banks subject to the UK Leverage
Ratio Part of the PRA Rulebook to exclude loans under this
scheme from the leverage ratio total exposure measure, if they
choose to do so," the BoE said in a statement.
(Writing by William Schomberg; editing by Stephen Addison)