In both cases, the SFTs blow up the firm’s balance sheet and, hence, the denominator of the leverage ratio, even while having little impact on risk-based capital or LCR calculations. The crucial issue here, however, is whether the leverage ratio does, in fact, bind.
We will print the ID at less than $ a piece – 60 cents to be exact. We will provide the needed equipment and space for the embedding of personal information onto the blank cards, which will be done by the Philippine Statistics Authority. The card issuance will start in April 2020.