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UK to stick to Basel III guidance on bank leverage

Mon, 04th Feb 2013 18:24

LONDON, Feb 4 (Reuters) - Britain will stick to rules onlimits to a banks' leverage that have been set at the globallevel, the UK's finance ministry said on Monday.

"The government does not see the case for permanentlyraising the leverage ratio beyond the Basle III standard," theTreasury said in its Banking Reform Bill.

Leverage will be capped at 33 times a banks' capital, weakerthan an original proposal for a maximum of 25 times.

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