US industry associations have been writing US Treasury Secretary Steven Mnuchin with their requests for changes to US financial regulations. A common theme is that the US application of Basel III rules isn’t working well, in particular the Supplementary Leverage Ratio. There are also calls for a major overhaul or simply an elimination of the Net Stable Funding Ratio, which we support. Here are highlights from industry comment letters.
This content requires registration. Get access today by signing up here.