CFTC chair fears impact the leverage ratio may have on clearing brokers
Timothy Massad, chairman of the US
Commodity Futures Trading Commission (CFTC), has warned US
banking regulators they need to act quickly to alter bank
leverage ratio or risk causing long-term damage to the US
Speaking at the CME Group Financial
leadership conference on Monday, Massad reiterated his
opposition to the controversial supplementary leverage ratio
rules, which have been blamed for forcing banks and large
clearing members to exit the business.
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