U.S. bank leverage rules to include global revisions: Fed governor

Tarullo, member of the Board of Governors of the Federal Reserve System, testifies to the House Financial Services Committee about the effects of the Volcker RuleA top U.S. bank regulator plans to tell lawmakers on Thursday that final leverage rules for U.S. banks will incorporate recent revisions to a global capital standard, which likely means tougher requirements for the institutions. Federal Reserve Governor Daniel Tarullo plans to tell a U.S. Senate Banking Committee hearing that the final U.S. rules would incorporate the changes agreed on by the Basel group. U.S. regulators have proposed a 6 percent leverage ratio for the biggest banks, twice as much as called for under the global agreement. They also differed in how they required banks to calculate their leverage ratios.

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