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Relaxing bank rules. What goodies are the banks getting?

Source: Peter Eavis, N.Y.Times (Paid Registration)

The Federal Reserve proposed loosening rules for 16 financial institutions, an important move forward in the Trump administration’s effort to roll back bank regulation.

Perhaps the most significant change concerned a rule aimed at making sure banks have enough cash in times of crisis. The rule, known as the liquidity coverage ratio, requires banks to stockpile so-called liquid assets (like Treasury securities) that can be sold quickly to raise cash during a crunch period. The Fed’s proposal would allow 11 banks, including large regional lenders like SunTrust and BB&T, to stop complying with the ratio altogether, and it relaxes the ratio for four other firms.

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