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Banking groups ask Fed to ease weighting of inter-affiliate transactions as risk-based indicator

( August 13, 2019, 22:45 GMT | Official Statement) -- MLex Summary: The Institute of International Bankers and the Bank Policy Institute said the US Federal Reserve’s proposal to align rules for foreign banks that have US operations with the risks they pose to the American economy outweighs the risks posed by inter-affiliate transactions. “Inter-affiliate transactions between subgroups in a particular jurisdiction and the parent banking organization are an inevitability and are integral to prudent risk and liquidity management,” the groups’ said in a letter to the Fed.See attached statement....

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