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Senate expected to pass bipartisan banking reform bill this week

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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 T of such bank assets. "the Senate could do something we haven’t seen in the nation’s capital in a long time: show that bipartisanship is alive and well" by passing a bank reform bill -https://t.co/K7xN5zPrfb — Kevin Madden (@KevinMaddenDC) March 5, 2018

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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.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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