US politicians renew push for change to leverage ratio

Agriculture committee ups pressure on Fed over client margin

Janet Yellen of the Federal Reserve
Fed's Yellen: pressure mounts to amend leverage ratio

Senior politicians on the US House Committee on Agriculture have written a second letter urging the Federal Reserve to amend the treatment of client collateral in upcoming leverage ratio rules. They warn that a failure to make the change will "thwart" a key pillar of post-crisis regulation: mandatory central clearing of over-the-counter derivatives.

In the October 27 letter seen by Risk.net, Republican committee chairman Mike Conaway and senior Democratic member Colin Peterson argue again that

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