US will implement trading book reforms, insists Fed official

Federal Reserve

A Federal Reserve official has sought to dismiss concerns the US will not follow through on a radical overhaul of trading book capital standards.

International regulators have been working on the Fundamental Review of the Trading Book since 2012. The rules had been expected to produce a significant jump in capital for big dealers, but proposals issued in March could lessen the impact.

“Internationally, when I talk to people, probably the second most frequent question I get is ‘Is the US going

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