U.S. bankers seize on repo-market stress to push for softer liquidity rules

Big U.S. banks are using the recent chaos in short-term funding markets as an opportunity to pressure the Federal Reserve to ease liquidity requirements they have long despised. On Wednesday, a major industry lobbying group and the chief executive of the largest U.S. bank criticized Fed-imposed standards of how much idle cash banks must keep on hand, blaming a liquidity rule that is hated on Wall Street for causing market jolts in recent days. "Banks have a tremendou

 

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