US regulators relooking safety rule costs
Banks argue that rule to set aside US$6 of capital for every US$100 of assets on their books unnecessarily burdens short-term financing
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Washington
JUST as memories of the financial crisis are fading and tough new banking regulations are beginning to bite, some current and former regulators wonder whether one of the rules is too much of a burden for markets and taxpayers.
At issue is the requirement that the largest US banks set aside US$6 of capital for every US$100 of assets on their books - double what they had to hold before.
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