State Street and BNY Mellon to benefit from revised leverage ratio

Custody banks State Street and BNY Mellon would be the big winners of a change to the enhanced supplementary leverage ratio (eSLR) proposed by US prudential regulators on April 11.

The minimum eSLR, currently fixed at 5% for the eight US global systemically important bank (G-Sib) holding companies, would fall to just 3.75% for the two custody banks, if the revisions recommended by the Federal Reserve and Office of the Comptroller of the Currency were enforced today.

Wells Fargo’s eSLR would

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