G-Sibs fret as Fed mulls including surcharges in CCAR
US banks worry as surcharges are excluded from CCAR in 2016 but could be factored in from 2017
Concern is mounting among the largest US banks that the capital surcharges they must hold as globally systemically important banks (G-Sibs) will be factored into the Federal Reserve's stress tests – an outcome that would place an "intolerable" capital burden on G-Sibs and may force some to retrench from capital markets businesses.
"There is a real cognitive dissonance here when the Fed is expressing concern about liquidity in capital markets while mulling combining two measures that would
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