Daniel Tarullo, a Federal Reserve governor, believes there is a wider international appetite for the 6% leverage ratio proposed in the US last week.
The Fed is seeking to double the leverage ratio – the proportion of a bank's total assets it should hold as equity capital – faced by the country's eight most systemically important banks.
Tarullo today said doing so would increase the efficacy of the country's overall regulatory regime, which consists of several capital measures that "each compensa
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