APRA WELCOMES BASEL ENDORSEMENT OF AUSTRALIA'S BANK LEVERAGE RATIO FRAMEWORKAPRA WELCOMES BASEL ENDORSEMENT OF AUSTRALIA'S BANK LEVERAGE RATIO FRAMEWORK

SYDNEY, Oct. 15 -- Australian Prudential Regulation Authority issued the following media release:

The Australian Prudential Regulation Authority (APRA) welcomes the Basel Committee on Banking Supervision's (BCBS) finding that the regulations implementing the leverage ratio framework in Australia are compliant with BCBS standards.

This is the highest possible grade.

The finding follows an assessment by the BCBS's Regulatory Consistency Assessment Programme (RCAP), which was published on Tuesday.

The leverage ratio complements APRA's risk-based bank capital framework by limiting the amount of debt a bank can take on relative to its capital. It measures the proportion of a bank's assets that is funded through equity (capital) rather than d...