On July 2, 2013, the Federal Reserve released its Regulations for the implementation of Basel 3 in the US. You can find all 972 pages here. May you be amused over the 4th of July holiday weekend? Summaries and commentary are available here, here and here. Sorkin’s reporting team’s take is here. Fed Governor Daniel Tarullo has already indicated that a 4% non-risk weighted leverage ratio is not adequate for US G-SIFIs; particularly those relying heavily on Money Market Fund short term deposits. Here is a report of his earlier comments in June.
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