Global Correspondence
GFMA and other Associations Submit Comments to the BCBS Requesting Clarfication on Basel III Leverage Ratio Framework and Disclosure Requirements
GFMA and other associations provide comments to the Basel Committee on Banking Supervision (BCBS) requesting clarification on how the final leverage ratio framework rules should be interpreted at this stage, so as to ensure that they are transposed correctly and consistently in national and regional implementation measures, without unintentional adverse impacts on the markets.
GFMA signed the letter with the following groups: American Bankers Association (ABA), Futures Industry Association (FIA), Institute of International Finance (IIF), International Swaps and Derivatives Association, Inc. (ISDA), The Financial Services Roundtable (FSR), and The Clearing House (TCH).
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