Fed record keeping tweak leaves clearing banks confounded
Proposed changes to a form that the US Federal Reserve uses to determine their global systematically important banks’ (G-SIB) capital surcharges has sparked extreme concern among clearing bankers, writes Ross Lancaster.
A Fed administrative tweak that went under the radar could make the already tight business model of client clearing for derivatives even harder to justify.
Proposed revisions to a data set that determines the G-SIB band that US banks sit in, which would include cleared derivatives, could bump those
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