Banking lobby groups in the US and the UK have been calling for relaxation of rules around bank leverage. But the UK’s top banking regulator says current circumstances are too volatile for any risky change.
The deputy governor of the Bank of England (BoE) has warned that any further relaxation in rules around bank leverage would be a profound and highly risky step.
Sam Woods, chief of the UK’s Prudential Regulatory Authority (PRA) said on Wednesday a key lesson from the collapse of certain banks
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