Contact: Laura Peavey
(202) 457-8770
lpeavey@fsforum.com
Forum Applauds Efforts to Improve Functioning of Vital Treasury Markets
“Forum appreciates regulators taking the first step to ensure the leverage ratio works for the American economy, not against it.”
Washington D.C. – Financial Services Forum President and CEO Kevin Fromer issued the following statement after federal regulators released a proposal to update leverage capital requirements:
“Addressing longstanding issues caused by outdated leverage capital requirements benefits taxpayers and strengthens the U.S. economy. For years, policymakers across the ideological spectrum have raised concerns regarding the negative impact of this requirement on the U.S. Treasury market—which underpins every other financial asset in the world. Through improvements in leverage capital requirements, America’s leading banks will be better able to support market functions that impact Main Street businesses and consumers across the country. While we look forward to fully reviewing the proposal and providing comprehensive feedback, the Forum appreciates regulators taking the first step to ensure the leverage ratio works for the American economy, not against it.”
Read our bank leverage capital requirements fact sheet here.
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The Financial Services Forum is an economic policy and advocacy organization whose members are the eight largest and most diversified financial institutions headquartered in the United States. Forum member institutions are a leading source of lending and investment in the United States and serve millions of consumers, businesses, investors, and communities throughout the country. The Forum promotes policies that support savings and investment, financial inclusion, deep and liquid capital markets, a competitive global marketplace, and a sound financial system.
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