FDIC board members want higher Basel III leverage ratio

04/9/2013 | AmericanBanker.com (free registration)

Thomas Hoenig and Jeremiah Norton, members of the Federal Deposit Insurance Corp. board, want policymakers to impose a higher leverage ratio for banks than the 4% proposal that regulators preparing Basel III are considering. "Tangible leverage needs to be the primary measure of capital adequacy, and it needs to be much higher for the largest banks," Mr. Hoenig said.

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