Tuesday, March 6, 2018

Senate expected to pass bipartisan banking reform bill this week

Talking about winning...

From the text of S.2155:

funds of a custodial bank that are deposited with a central bank shall not be taken into account when calculating the supplementary leverage ratio as applied to the custodial bank

They are getting rid of this requirement to reserve capital against these risk-free assets.  Per the latest H.8 release, there are probably over $2T of such bank assets.

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