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.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
