Finma's Branson calls for Basel leverage ratio hike
"The world has moved on" since the 3% minimum was set, he says
Big banks should be subject to a higher leverage ratio than the 3% minimum agreed by international regulators, according to Switzerland's top prudential regulator – and there is "certainly room for more" at Credit Suisse and UBS.
In an interview with Risk, Mark Branson, chief executive of the Swiss regulatory body, Finma, said many regulators have become more conservative since the Basel Committee on Banking Supervision published its first take on the ratio in 2010. Big US banks will be subject
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