The Bank of England (BoE) has published a news release announcing that the Financial Policy Committee (FPC) has extended the period for responding to the FPC’s July 2014 Consultation Paper on its review of the role of the leverage ratio in the capital framework for UK firms.
The FPC has decided to extend the period for responses to its Consultation Paper by four weeks in response to concerns about the length of the consultation period recently expressed by Andrew Tyrie, the Chair of the Treasury Select Committee, and to avoid any suggestion that the proposals have not been properly considered.
The deadline for responses to the Consultation Paper will now be extended a further four weeks until 12 September 2014.
The FPC intends to publish its final review of the leverage ratio in November 2014.
View News release – leverage ratio review consultation, 22 July 2014