UK's PRA encourages firms to apply for temporary modification of the Leverage Ratio

PRA statement on the leverage ratio
This Prudential Regulation Authority (PRA) statement invites firms to apply for a temporary modification of the Leverage Ratio Part of the PRA Rulebook in response to a Recommendation from the Financial Policy Committee (FPC) to the PRA in relation to the composition of the total exposure measure for the purposes of the leverage ratio. This modification is available to firms that are currently subject to the UK leverage ratio framework.
The full statement is available here.

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