Thus, I am concerned that explicitly assigning a stressed leverage requirement to a firm on the basis of risk-sensitive post-stress estimates is in conflict with the intellectual underpinnings of the leverage ratio. It is what the analytical philosophers call a category mistake: like saying that, “Freedom has curly hair".
This is important information which enhances our analysis of the financing conditions as these rates serve as a proxy for loans to small and medium-sized enterprises, as well as to “sole proprietors” (e.g. doctors or architects).