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 mostly affects global systemically important banks (G-Sibs), as classified using an internationally
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