On June 26th, the Basel Committee on Banking Supervision published for comment revised Basel III leverage ratios and disclosure requirements. The proposal sets out a specific formulation for calculating the leverage ratio by banks subject to the Basel III framework, as well as a set of public disclosure requirements. Comments should be submitted on or before September 20, 2013. BIS Press Release. Reuters discussed the significance of the proposal, emphasizing the effect it would have on bank's holding large derivatives positions. Impact. Separately, Reuters reported that the Federal Reserve Board will meet on July 2, 2013 to consider finalizing its capital requirements for banks. Meeting.