In a letter seen by the Financial Times, Warren and Brown said that maintaining capital relief for the financial sector would “substantially” weaken the tougher regulatory framework that was put in place in the decade following the last global financial crisis.
The letter from two of the most influential liberal lawmakers in Congress with oversight over Wall Street comes as the Fed, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency must decide whether to extend a temporary rule change to the supplementary leverage ratio, which was introduced in April last year.
The full article is available at https://www.ft.com/content/44792b80-c331-44e3-b02c-41a151f4cb6c