The United States is ready. The rear bank bases imposed in the wake of the 2008 crisis are not reached

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The American authorities are preparing to announce one of the largest capital requirements for banks for more than a decade, which is the latest sign of the agenda of canceling the restrictions in the Trump administration.

In the next few months, the organizers have been ready to reduce the percentage of complementary leverage, according to several people who are aware of this issue.

It requires a large base Banks To obtain a pre -determined amount of high -quality capital for the total leverage, which includes assets such as loans and a paper outside the balance like derivatives. It was established in 2014 as part of comprehensive reforms in the wake of the 2008-2009 financial crisis.

Banking pressure groups are carrying out a campaign against the base for years, saying that they punish lenders for a contract to low -risk assets such as American treasury bondsIt hinders its ability to facilitate trading in the government debt market of 29 Trioza and weakens its ability to expand credit.

“Punishment of banks to maintain low -risk assets such as the treasury undermines their ability to support market liquidity during times of stress when needed,” said Greg Bayer, CEO of Lobby Group for Banking Policy. “The organizers must behave now instead of waiting for the next event.”

The pressure groups expect organizers to submit repair proposals by summer. Reducing engraving Capital rules It comes at a time when the Trump administration reduces regulations in everything from environmental policies to financial disclosure requirements.

However, critics say it is worrying time to reduce bank capital requirements given the recent market fluctuations and policy turmoil within the framework of President Donald Trump’s administration.

“Given the state of the world, there are all kinds of risk – including American banks the role of the dollar and the direction of the economy – it does not seem the right time to relax capital standards at all,” said Nicholas Veron, a senior fellow at the Peterson International Economy Institute.

Analysts say that the transition to contact SLR will be a blessing for the Treasury Market, most likely, Trump is likely to help achieve his goal of reducing borrowing costs by allowing banks to purchase more government debt.

It will also encourage banks to start playing a greater role in circulating treasury bonds after the industry abdicated from high frequency dealers and hedge funds as a result of the rules established after the financial crisis.

American policymakers have expressed support for the SLR base.

The US Treasury Secretary, US Treasury, said last week that this reform was a “high priority” for the main – Federal Reserves, the Currency Observer Office and the Federal Deposit Insurance Corporation.

“We need to work on the cabinet’s structure, and it can be part of this answer, and I think it will be, which reduces the calibration of the additional leverage rate,” February Speaker Jay Powell said in February.

The largest eight of the American banks currently needs to obtain the so-called capital-shared shares, detained profits and other elements that have been absorbed at least 5 percent of the total financial lever.

The largest European, Chinese, Canadian and Japanese banks are held according to fewer criteria, as most of them require only 3.5 percent and 4.25 percent of their total assets.

Banking pressure groups hope that the United States will bring the requirements of the leverage ratio in line with international standards.

Another option is organized by the organizers is to exclude low-risk assets such as the cabinet and the central bank’s deposits from calculating the percentage of the leverage-as it temporarily happened for a year during the epidemic. Self -government analysts have recently estimated that re -submitting this exemption would liberate about $ 2 million of the ability of the public budget for the great American lenders.

But this would make the United States an international output and anxiety of the organizers in Europe that it may push lenders to pressure in order to reduce the similar capital in the possession of sovereign debt in the euro and Gilts in the UK.

Most major American banks are more restricted to other rules such as stress tests at the Federal Reserve and modified capital requirements that have been adjusted to risk, which may limit the amount of SLR repair. Morgan Stanley declaations recently estimated that State Street is really “really restricted” by SLR.

“The harmony of the American bases with international standards would give more capital to major banks from exempting treasury deposits and the central bank deposits from the accounting leverage ratio accounts,” said Sean Campbell, chief economist at the Lobby Financial Services Group, which represents the eight -year American banks.

Federal Reserve, OCC and FDIC Rejection.



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