UK regulator asks banks to report leverage ratio daily from 2016

LONDON, July 10 (Reuters) - Britain's financial regulator onFriday announced proposals for banks and other financial firmsto report and disclose what capital they hold on a daily basisfrom 2016 in a move designed to promote their "safety andsoundness".

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)