The Clearing House Association filed a comment letter with U.S. bank regulators on proposed revisions to the U.S. Basel III capital rules for banks with consolidated total assets of at least $250 billion and consolidated on balance sheet foreign assets of at least $10 billion, expressing its strong support for the proposed revisions. In the letter The Clearing House encourages the Agencies to continue to refine the Revised Capital Rules and sets forth a number of recommendations that should be implemented in order to resolve certain unaddressed idiosyncrasies in the Revised Capital Rules.
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