U.S. FDIC adopts rule to boost bank leverage ratio
WASHINGTON, July 9
WASHINGTON, July 9 (Reuters) - The Federal Deposit Insurance Corp on Tuesday adopted a rule to boost the leverage ratio for the country's eight largest banks to 6 percent, twice the level required by international bank capital standards.
It also adopted a rule to introduce the Basel III capital standards in the United States, which had already been adopted by the Federal Reserve last week.
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