US regulators to vote on final bank leverage rules

WASHINGTON: Financial regulators will vote on Tuesday to finalise tough requirements for US banks' leverage, which are expected to be stricter than the rules overseas firms must follow.

The rules, under consideration by the Federal Reserve, Federal Deposit Insurance Corp and Office of the Comptroller of the Currency, would force banks to fund part of their business through less risky sources such as shareholder equity, rather than by borrowing money.