US banks fear competitive impact of higher leverage ratio

john-dugan
John Dugan, Covington & Burling

Since US regulators announced plans for a higher leverage ratio minimum last July, the country’s banks have been hoping they would at least be able to use softer rules to get there. On February 6, those hopes were more or less dashed as, one by one, the country’s top supervisors testified to the Senate Committee on Banking, Housing and Urban Affairs that they would be adopting newly agreed international rules on how to calculate leverage exposure, while also insisting banks hold 5

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