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Policy wonks at Barclays Plc reckon their proposal could save the taxpayer about £2.5 billion ($3.4 billion) in interest payments each year.
Barclays policy team proposes UK banks should exclude gilts from leverage ratio calculations.
KEY POINTS
- This change could allow British banks to buy up to £150 billion more government bonds.
- Barclays estimates the policy could save UK taxpayers about £2.5 billion annually in interest payments.
- Shifting regulatory treatment would incentivize banks to switch investments from cash to government debt.
COMPANIES
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