WASHINGTON Regulators will soon finalize their plan to establish a new leverage ratio and it is likely to be tougher than a recently implemented global standard, top officials said Thursday.
Testifying before the Senate Banking Committee, Federal Reserve Board Gov. Daniel Tarullo, Federal Deposit Insurance Corp. Chairman Martin Gruenberg, and Comptroller of the Currency Thomas Curry emphasized their intent to press ahead with the rule, which will apply to the eight largest U.S. bank holding companies and their subsidiaries.
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