The PRA is looking at the leverage ratio requirement thresholds and is offering firms a modification by consent in certain circumstances while it finishes its review. Firms can apply for the modification if they don’t meet the criteria in 1.1 of the Leverage Ratio rules before 10 September but expect to meet them after the next accounting reference date or before the end of 2025. The modification will cease on 30 June 2026 – or earlier depending on completion of the PRA’s review..
Published date: 10 September 2024
