JFSA proposed draft amendments to the regulatory notices related to leverage ratio requirements. In light of the increasing impact of COVID-19 outbreak, the proposal mainly intends to exclude the outstanding balance of financial institutions' current accounts at the BOJ from the calculation of leverage ratio. This amendment is being proposed to maintain harmonization with the monetary policy implemented by BOJ and the prudential regulations for banks and other financial institutions, in response to the request from BOJ. Due to uncertainty caused by the COVID-19 pandemic, the current minimum requirement of leverage ratio (3%) is maintained until the end of the financial year 2020.
Keywords: Asia Pacific, Japan, Banking, COVID-19, Leverage Ratio, Leverage Ratio Requirements, BOJ, JFSA
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