PNC’s Demchak – SLR reform all about hedge fund capacity
Chief executive says proposals mainly designed to allow hedge funds to buy growing US Treasuries stockpile
The Federal Reserve’s proposal to lower the enhanced supplementary leverage ratio (eSLR) for the largest US banks is about extending capacity to hedge funds to buy up the country’s growing debt pile, according to PNC Bank chief executive, Bill Demchak.
“What we’re simply talking about is, is it a good idea to give global systemically important banks (G-Sibs) the ability to grow their prime
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