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BASEL 3. Leverage ratio.......>

GLOBAL MARKET/OPINION
GLOBAL MARKET/OPINION: BASEL 3. Leverage ratio changes for central bank reserves
"The Committee has also agreed that jurisdictions may exercise national
discretion in periods of exceptional macroeconomic circumstances to exempt
central bank reserves from the leverage ratio exposure measure on a temporary
basis. Jurisdictions that exercise this discretion would be required to
recalibrate the minimum leverage ratio requirement commensurately to offset the
impact of excluding central bank reserves, and require their banks to disclose
the impact of this exemption on their leverage ratios.".
- This might be a disappointment for repo markets that were looking for more
permanent extension.

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