For global banks with significant capital markets activities, this 3% calibration is likely to be more conservative than the current measures of leverage in place in some countries. The new definition of capital and the inclusion of off-balance-sheet items in the calculation of the leverage ratio are the main factors. The reform measures described above radically transform the regulatory capital framework.
In conclusion I would like to take this opportunity to thanks Dr. Hassan Fakhro, Minister of Industry and Commerce, for his support and cooperation in the introduction of the new Corporate Governance Code, and to the Steering Committee for the excellent work it has achieved. Thank you for your attention. 2  BIS Review 32/2010