Fed official: SLR tweaks likely unbundled from Basel III
Complexity of endgame proposals means any leverage ratio changes will probably be proposed separately
Possible changes to the US supplementary leverage ratio (SLR) are more likely to be made separately – and before – a fresh attempt at implementing Basel III in the US, according to a Federal Reserve official.
The industry is pressing the central bank to amend the SLR by removing Treasuries from the calculation due to several reasons specific to the debt market: intermediation problems that emerged last month during the tariff turmoil, expected future issuance increases and the expansion of the
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