In this respect, the potential implications of the leverage ratio and the liquidity risk framework still need to be assessed. An observation period has therefore been agreed upon in order to carefully monitor the potential implications for certain banking sectors, business models and  6  BIS Review 151/2010  the real economy.
Full use of the observation period should be made to identify any such implications and to prevent the new measures from having any unintended consequences. Furthermore, since the leverage ratio is largely based on accounting information, the accounting standard-setters should strengthen their efforts to eliminate existing accounting differences. This is essential in order to ensure a level playing field.