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US regulators not backing down in leverage ratio stand-off
Yellen, Gruenberg and Curry offer no concessions to agriculture committee
![Janet Yellen of the Federal Reserve Janet Yellen of the Federal Reserve](/sites/default/files/styles/landscape_750_463/public/import/IMG/387/286387/janet-yellen4-580x358.png.webp?itok=7C0n4XkD)
US regulators are not budging in a stand-off with banks and politicians over the leverage ratio. The industry has been lobbying for a change to the treatment of client collateral, which results in heavy capital consumption for derivatives-clearing businesses, but a letter sent on November 24 by the heads of the three bank regulators gives no ground.
"The supplementary leverage ratio (SLR) is not a risk-based measure and it generally does not take into account risk-mitigating factors such as
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