US banks are calling on the Federal Reserve to change the way it calculates its capital surcharge for global systemically important banks (G-Sibs), in order to avoid a spike in capital requirements under its proposed stress capital buffer.
Banks are concerned that adding the G-Sib surcharge in its current form to the stress capital buffer (SCB) will raise post-stress minimum capital requirements. The surcharge does not take into account the fact that banks are better capitalised than they were
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