CORRECTED-UK regulator wants banks to report leverage ratios based on daily averages

(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)