US regulator says details on leverage rules ‘worked out’


WASHINGTON: A US financial regulator said on Monday that tough new leverage requirements that will limit excessive borrowing by the biggest banks would be finished "soon."

"I think we've gotten the details worked out and now it's just getting the schedule and... getting everyone lined up," Federal Deposit Insurance Corp (FDIC) Vice Chairman Thomas Hoenig told reporters at a conference.

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banking , leverage , 2008 crisis , regulators , US , FDIC

   

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