UK banks were able to discount between 6% and 12% of their total exposures from leverage ratio calculations under the Bank of England’s iteration of the rule as of end-March.
Lenders have been able to deduct qualifying central bank balances from their exposure measures for the UK-specific leverage ratio since July 2016. By subtracting reported exposures for the UK measure from those disclosed for the European Union-wide measure – which includes all central bank balances – it's possible to
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