ECB gives banks reprieve from leverage rule to withstand pandemic By Reuters

ECB gives banks reprieve from leverage rule to withstand pandemic


© Reuters. Outbreak of the coronavirus disease (COVID-19) near Frankfurt

FRANKFURT (Reuters) – The European Central Bank said on Thursday it would let euro zone banks it monitors exclude some of their exposure to the ECB, including their deposits, from the calculation of a key capital requirement until June.

“The European Central Bank announced today that euro area banks under its direct supervision may exclude certain central bank exposures from the leverage ratio,” the ECB said.

“Based on end-March 2020 data, this exclusion would raise the aggregate leverage ratio of 5.36% by about 0.3 percentage points.”

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