Reuters: Market News: Fed's George- need higher capital levels for banks

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Fed's George- need higher capital levels for banks Apr 11th 2012, 14:58 NEW YORK, April 11 | Wed Apr 11, 2012 10:58am EDT NEW YORK, April 11 (Reuters) - The recent financial crisis has shown that financial institutions need higher capital levels, Kansas City Federal Reserve President Esther George said on Wednesday. George said the leverage ratio is one buffer in the financial system that is historically there to absorb losses, and that there must be an emphasis on leverage "no matter how difficult and costly."

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