Major US banking association slams tough new laws on leverage ratios
A major US banking association has slammed tough new laws on
leverage ratios after regulators said they will require
America’s largest banks to hold $68bn in extra
capital, writes Joe Parsons.
According to the Financial Services Roundtable (FSR), which
represents 100 of the largest financial services companies,
higher capital ratios will put American banks at a competitive
"This rule puts American financial institutions at a clear
disadvantage against overseas competitors," said Tim Pawlenty,
chief executive, FSR.
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