Top US banks to lose out from end of SLR relief
Capital relief extended to systemic US banks by the Federal Reserve at the height of the coronavirus crisis last year will be allowed to expire at the end of this month, a decision that will likely erode a key gauge of leverage risk across Wall Street.
Today (March 19), the Fed said banks would no longer be able to deduct US Treasuries and excess reserves from the exposure measure used to calculate the supplementary leverage ratio (SLR). The carve-out was introduced on April 1 last year to ease
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