European Central Bank President Mario Draghi will lead a meeting next week of central bank heads and global regulators to discuss leverage ratios for banks. The officials are expected to ease requirements outlined in a draft published in 2013 by the Basel Committee on Banking Supervision. "I expect considerable change in the rule to defer to applicable national accounting systems," according to an e-mail from Karen Shaw Petrou, managing partner of Federal Financial Analytics. "If the rule in fact doesn't do this, it will wreak tremendous havoc in securities financing, repo, and other capital-market activities and send them over to the shadows."

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