JP Morgan calls for SLR relief to be made permanent
A temporary adjustment to the calculation of the supplementary leverage ratio (SLR), which lowered capital requirements for top US banks, should be made permanent, executives at JP Morgan argue.
In April 2020, the Federal Reserve allowed banks to carve out US Treasuries and excess reserves from the calculation of their total leverage, which acts as the denominator of the SLR. The adjustment was projected to cut $17 billion off top lenders’ binding Tier 1 capital requirements. The relief is due
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