◆ Daily Global-Macro Brief LIVE
TODAY IN 30 SECONDS
  1. UK bank capital review highlights mixed views on buffer usability and leverage ratio

Central Banks 1

  • FPC’s December 2025 capital benchmark reduction seen as having limited direct impact on banks’ target capital levels due to market discipline and peer comparisons
  • Participants debated whether UK banks could safely reduce capital further, citing stress-test resilience vs. macro/geopolitical uncertainty arguments
  • Leverage ratio may now act as a binding constraint for some UK lenders, potentially distorting risk-sensitive lending and capital allocation