The US Federal Reserve (Fed) and Office of the Comptroller
of the Currency (OCC) guidelines on limiting leverage have
sparked debate about the extent to which they will impact
The US regulators
issued the guidelines last year to prohibit banks making
risky loans, such as those more than six times a
company’s annual earnings.
"The market has proven over the years to overshoot in either
an overly bullish or an overly...