In January 2014 the Basel Committee on Banking Supervision (BCBS) updated its 2010 guidelines on the leverage ratio (LR). The leverage ratio is only monitored at this stage with no firm minimum requirement in place. But the European Commission still needs to transpose the revised rules into EU regulation. The pressure is on, because any amendments need to be implemented before January 1 2015 when new LR disclosure rules come into effect. In October the EC published delegate regulation to streamline the calculation of the LR in Europe, which is now pending adoption. In the meantime the debate for the right minimum LR requirement gains pace. The UK has published national rules, and authorities and politicians in Sweden and the Netherlands discuss the need for higher thresholds.