US banks fear competitive impact of higher leverage ratio
US regulators have pledged to adopt the new Basel leverage ratio, but with higher minimums, sparking concerns that US banks will find it harder to compete in repo and other businesses. Lukas Becker reports
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
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