US regulators not backing down in leverage ratio stand-off
Yellen, Gruenberg and Curry offer no concessions to agriculture committee
US regulators are not budging in a stand-off with banks and politicians over the leverage ratio. The industry has been lobbying for a change to the treatment of client collateral, which results in heavy capital consumption for derivatives-clearing businesses, but a letter sent on November 24 by the heads of the three bank regulators gives no ground.
"The supplementary leverage ratio (SLR) is not a risk-based measure and it generally does not take into account risk-mitigating factors such as
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