Joint-Trade Letter on Basel Committee FRTB Submitted to Regulators

On November 12th, as part of a joint-trade effort, SFIG submitted a comment letter to Treasury and the Federal Reserve regarding Basel's Fundamental Review of the Trading Book (“FRTB”). This letter highlighted the concerns regarding the impact to securitization and requested the regulators’ continued attention to this issue. The letter also expresses a connection between the high capital charges the proposal would require, reduced market making, and reduced credit availability. The Basel FRTB working group is finalizing their proposal and the Basel Committee itself is meeting at the beginning of December.

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