US reg shift could boost underpowered foreign banks

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By Owen Sanderson
17 Aug 2017

Deregulation proposals from the US Treasury Department could be a blessing for foreign banks, which are struggling with trapped capital and costly restructurings in their US units — and falling further behind their thriving US competitors. But reform could be further away than ever, as the Trump White House staggers into self-inflicted crisis.

The Treasury proposal on financial reform, published on June 12, offers most potential easing to the US banks, large and small, including higher thresholds for the most intensive supervision and other specific measures, such as excluding cash, initial margin for derivatives and US Treasuries from the calculation of ...

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