(Corrects to clarify ratios not being published daily)
LONDON, July 10 (Reuters) - Britain's financial regulator onFriday announced proposals for banks and other financial firmsto report and disclose what capital they hold based on dailyaverages from 2016 in a move designed to promote their "safetyand soundness".
The Prudential Regulation Authority last year introduced newleverage ratio requirements, setting a minimum amount of capitalbanks must hold relative to their loans.
The move was part of global reforms introduced after the2007-09 financial crisis to reduce the chances of banks needingpublic bailouts.
(Reporting by Matt Scuffham; Editing by Sinead Cruise and KeithWeir)