Tarullo Says U.S. to Exceed Basel on Leverage Rules

Tarullo Says U.S. to Exceed Basel on Leverage Rules Play

July 2 (Bloomberg) -- Federal Reserve Governor Daniel Tarullo said the U.S. is "very close" to proposing a leverage ratio minimum that will exceed the 3 percent requirement set by the Basel Committee on Banking Supervision. Tarullo spoke at the Fed's meeting in Washington today on new international capital standards. (This is Tarullo's prepared statement. Source: Bloomberg)

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