If the leverage ratio does, banks will load up on riskier assets and push assets off their balance sheets in ways that satisfy accountants but not, ultimately, creditors. That is why a complex risk-weighted test is also necessary, and should be calibrated to bind before the leverage ratio in normal circumstances. Banks are safer as a result of this combined approach.
MPC Decision  4/6  BIS - Central bankers' speeches  In a bulletin released on the 9th of December, the BIS stated that monetary policy involves deciding on 'how fast, how far and how long' to tighten. The choice is often complex and entails trade-offs.