New SLR could cut $63bn off BNY Mellon’s leverage exposure

Proposed rule change would exempt central bank reserves from SLR denominator

A US regulatory proposal could shave $59 billion–63 billion off BNY Mellon’s leverage exposure measure, leading to a 130–140 basis point jump to its supplementary leverage ratio.

Prudential regulators’ planned revisions to the SLR rule include carving out central bank reserves from lenders’ leverage exposure measures. Shrinking the exposure measure would boost banks’ SLRs if capital levels went unchanged.

BNY Mellon’s total leverage exposure and Tier 1 capital were $344.8 billion and $21.6

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