House committee calls on Fed to change leverage ratio

US politicians argue "unwarranted" capital burden will hike end-user costs

US Congress

The US House Committee on Agriculture has called on the Federal Reserve to reduce the capital requirements futures commission merchants (FCMs) face when clearing derivatives trades on behalf of customers, arguing the costs could dissuade companies from hedging and undermine the post-crisis push to clear more derivatives.

In a letter co-signed by Republican committee chairman Mike Conaway and its senior Democratic member, Colin Peterson, the committee proposes one specific change – subtracting

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