ISDA Submits Responses to US Basel III and G-SIB Surcharge Consultations
January 17, 2024
January 17, 2024
NEW YORK, Jan. 17 -- The International Swaps and Derivatives Association issued the following news release:
ISDA has submitted a response with the Securities Industry and Financial Markets Association (SIFMA) on the US Basel III 'endgame' notice of proposed rulemaking (NPR), warning that the resulting increases in capital for bank trading activities do not reflect underlying risks and could impact the liquidity and vibrancy of US capital markets, increasing costs and reducing choice . . .
ISDA has submitted a response with the Securities Industry and Financial Markets Association (SIFMA) on the US Basel III 'endgame' notice of proposed rulemaking (NPR), warning that the resulting increases in capital for bank trading activities do not reflect underlying risks and could impact the liquidity and vibrancy of US capital markets, increasing costs and reducing choice . . .