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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 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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Mike Norman considers the following as important:
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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.
"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