Can US regulators keep Collins happy with one capital stack?
Legal experts say Basel III endgame redraft retains spirit if not letter of the floor
New proposals from the US prudential agencies can still comply with the 2010 Collins Amendment, according to legal experts, even though the longstanding capital floor that carries the senator’s name is set to be expunged from the rulebook. But sources think regulators may need to issue a more explicit explanation to keep lawmakers onside.
“There’s enough flexibility with respect to the Collins
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