Treasury repo clearing mandate would free up $207bn leverage exposures for G-Sibs

- By Joshua Walker
- 23 Feb 2026

The US Treasury clearing mandate would save $207 billion in leverage exposures for the supplementary leverage ratio (SLR) across six global systemically important banks (G-Sibs), according to analysis by the Office for Financial Research (OFR).

Under regulatory accounting rules, dealers may net some repo positions against offsetting reverse repos if they have the same counterparty and end on the

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