Federal bank regulators said Thursday it is a top priority of theirs to adopt tougher debt limits on big banks, adding that they don’t expect to wait for additional moves by international policy makers before taking action.
“It is the intention of the three U.S. bank regulatory agencies to have a higher minimum [leverage] ratio than that which prevails in the international forum right now,” Federal Reserve Governor Daniel Tarullo told a Senate Banking Committee hearing on financial stability. “We will independently put in a higher ratio than international... more...