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Benjamin Chiou Sharecast News
31 Oct, 2014 14:05 31 Oct, 2014 14:20

FPC announces leverage ratio requirement for banks of 4.05%

UK banking stocks reacted positively on Friday to new rules from the Financial Policy Committee, which require the country's largest lenders to have a leverage ratio (non risk-weighted) of 4.05%.

This was the lower end of the 4-5% threshold expected by the market.

RBS was up 5.1%, Barclays jumped 7.2% while Lloyds rose 2.3% initially after the news in afternoon trade.

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