JPM gripes over Fed G-Sib surcharges tweak
Disentangling RWAs from STWF indicator would dampen surcharge relief under endgame proposal
A key element of the Federal Reserve’s March proposal to overhaul how systemic surcharges for US banks are computed could limit the relief firms would otherwise receive – with JP Morgan already decrying its impact.
Under current rules, the short-term wholesale funding (STWF) component of a US bank’s global systemically important bank (G-Sib) score – which determines its surcharge – is calculated
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