Unmoved, Fed stands by G-Sib surcharge
Facing down frenetic lobbying and even US Treasury, central bank doesn’t blink on surcharge
Like Tom Petty, the Federal Reserve won’t back down. The eight heavyweights of the US banking system, joined even by the US Treasury, had railed against a surcharge they said would cut into lending and leave them at a competitive disadvantage to Europe.
Yet, despite the full court press, these efforts came to nought. The Fed will not be reworking its surcharge on global systemically important banks (G-Sibs) and has turned its attention to other matters, most immediately the regulatory
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Regulation
7 days in 60 seconds
Oil price models, IM changes and VAR caps
The week on Risk.net, May 16-22, 2020
Receive this by email