Fed’s Hoenig calls for counter-cyclical leverage ratio, slams Basel requirements

Thomas Hoenig

Thomas Hoenig, the president of the Kansas City Federal Reserve, on Thursday reprimanded regulators for failing to properly manage banks during the run-up to the financial crisis and called for a counter-cyclical ceiling on leverage ratios.

Speaking before the House Financial Services Oversight and Investigation Subcommittee, Hoenig advocated changing the rules on leverage from a capital requirements system based on individual risks to one that places a ceiling on the amount that can be lent aga

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