Former U.S. regulator backs tougher global rules on bank leverage

12/7/2011 | Bloomberg

Sheila Bair, former chairman of the U.S. Federal Deposit Insurance Corp., called for more-stringent global limits on bank leverage. The Basel Committee on Banking Supervision has adopted a leverage ratio, but Bair said it needs to be raised. "Regulators' primary focus should be constraining absolute leverage through an international leverage ratio that is significantly higher" than the Basel committee's proposal, Bair said.

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