The lobby groups, which also include the Futures Industry Association, the International Swaps and Derivatives Association, the International Securities Lending Association, the Bank Policy Institute, the International Capital Markets Association, and the Financial Services Forum, want to see the cap raised from 1% to 5% of a bank’s Tier 1 capital – the core financial instruments issued by the bank – and for supervisors to look at net positions rather than gross.
Related posts
-
Peter Schiff Predicts Further Bitcoin Plunge Ahead of Mt Gox Payouts — Declares BTC in Official Bear Market
Economist and gold advocate Peter Schiff has highlighted bitcoin’s recent decline, declaring the cryptocurrency “back in... -
White House Rehires Adviser Who Helped Develop Biden’s Executive Order on Crypto
The White House has rehired Carole House, who helped... -
Coinbase Gets Flipped by Bybit As World’s Second Largest Crypto Exchange, According to Analytics Firm Kaiko
Crypto exchange Coinbase has been surpassed in volume by Bybit since October, according to analytics firm...