Lawmaker Tyrie welcomes greater power for BoE over leverage ratio

LONDON, Nov 26 (Reuters) - The Bank of England's review ofhow it should restrain banks' risk-taking has been welcomed bythe chairman of Britain's Treasury Select Committee.

Finance minister George Osborne has written to Bank ofEngland Governor Mark Carney saying the Bank of England'sFinancial Policy Committee should review if it should havecontrol over banks' leverage ratios.

"That power will be an essential part of the bank's toolkitfor improving the safety of the banking system. The bank'sreview will be about how the FPC will exercise that power, notwhether it should request it," Andrew Tyrie said on Tuesday.