Under the Basel III timeline, banks will be required to disclose their leverage ratios as of 2015, which allows both the supervisors and the investors to use it as an indicator for bank risk. However, the definition will remain under review until 2018, when the decision about its introduction as a binding “Pillar 1” requirement will eventually be taken.
It could lead to •  improved goods and services (such as SEPA instruments);  •  improved organisational processes (such as supply chain innovation);  •  improved production processes (such as specialised payment factories or outsourcing). Regarding the first level of innovation, i.e.