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Opinion
Matt Levine

Basel Makes Its Simple Leverage Rules ... Simpler?

If you want to read the new Basel III leverage ratio rules, you have a stronger stomach than I do.

If you want to read the new Basel III leverage ratio rules, you have a stronger stomach than I do. Davis Polk helpfully ran a redline against the previously proposed versions of the rules, so that would be one place to start; it gets pretty red pretty quick, but the first sentence of the introduction is delightful:

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