June 18 (Reuters) – Wall Street groups are warning US regulators that their plans to implement “Basel Endgame” global bank capital requirements will affect liquidity in Treasury markets, urging them to rework proposals to manage risk, the Financial Times reported on Thursday.
Three of the world’s top financial trade bodies have written a letter to the U.S. Federal Reserve, Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency, urging them to change their proposals, the FT report said, citing a copy of the letter.
(Reporting by Anusha Shah in Bengaluru)
