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Large non-systemic US banks call for tailored liquidity rules

Two banks urge lawmakers to provide LCR relief because they do not fall into G-Sib category

Capital One Bank - Texarkana.jpg
Capital One: dubbed one of the “unhappy three”, along with PNC and US Bancorp
Wikicommons/Billy Hathorn

Two US banks caught in limbo by the size thresholds used in local regulation have called for the authorities to change their approach.

New US legislation passed in May – known as the Crapo Act after Republican Senator Mike Crapo who drafted it – would set assets of $250 billion as the threshold for banks to face tougher requirements, such as the full Basel liquidity coverage ratio (LCR). This

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