The BSA has today responded to the PRA's CP2/25 that proposes increasing the threshold at which the leverage ratio framework applies. While we support increasing the threshold we propose it doesn't go far enough and should align to the threshold for application of the Bank Capital Stress Test (£105bn lending). We also highlight that the UK-centric leverage ratio framework, particularly the way it interacts with MREL requirements is particularly penal for the low-risk building society model.