SFIG Joins Other Trade Associations to Raise Concerns Regarding Basel’s Proposed FRTB Rule to Cong

Last week, as part of an effort among several trade associations, 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.

This week, SFIG is working with its joint-trade association partners to develop a strategy and talking points to raise the industry's concerns with the proposed rule to Members of Congress.

The talking points and the letter stress the connection between the high capital charges the proposal would require, and a resulting reduction in market making and credit availability. The Basel FRTB working group is finalizing its proposal and the Basel Committee itself is meeting at the beginning of December.

Contact Michael.Flood@sfindustry.org to learn more about SFIG’s Congressional outreach efforts.

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