Foreign banks in the US urged the Federal Reserve to consider relaxing debt capital requirements beyond the lower levels in its pending plan to better align American and global standards.
The Fed also should allow time for this broader review by extending the January 2019 implementation date for these total loss-absorbing capital (TLAC) rules for global systemically important banks, the Institute of International Bankers said.
“An additional downward adjustment to the TLAC requirements applicable to US GSIBs would better align these requirements with international standards,” the group’s recent letter said.
Fed's eased TLAC proposal doesn't go far enough, overseas banks say
12 July 2018 7:23am