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Global regulators should review rules’ impact as proposals add to cost, GFMA says

( August 10, 2016, 16:24 GMT | Official Statement) -- MLex Summary: Global financial standard-setters should develop metrics to track the impact of regulations, while removing duplicate requirements to help banks do business without adding to risk, the Global Financial Markets Association said. The industry group issued the recommendations along with a consultant’s findings that post-crisis rules have raised borrowing costs and reduced lending capacity, while current proposals may add “significantly” to capital requirements.The following is the text of the statement. Click the attachments at bottom for the full report plus an accompanying letter....

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