US politicians renew push for change to leverage ratio
A letter from the US House Committee on Agriculture raises pressure on the Federal Reserve over the ratio’s stance on segregated margin; says the client cash reduces a bank's off-balance sheet exposure
Senior politicians on the US House Committee on Agriculture have written a second letter urging the Federal Reserve to amend the treatment of client collateral in upcoming leverage ratio rules. They warn that a failure to make the change will "thwart" a key pillar of post-crisis regulation: mandatory central clearing of over-the-counter derivatives.
In the October 27 letter seen by Risk.net, Republican committee chairman Mike Conaway and senior Democratic member Colin Peterson argue again that
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