Morning Scan: We've Lost All of Our Leverage Ratio

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Basel Leverage Rule Softened: Banks around the globe scored a victory Sunday when the Basel committee agreed to soften its proposed leverage ratio. Specific changes to the international proposal affect the treatment of certain derivatives exposures, some off-balance sheet activities, and the netting of repos. Reuters reports that there is still no agreement on the final level of leverage that will be allowed. The Journal notes that Sunday's change follows last year's...