Fed’s Bowman to ‘prioritise’ SLR exemption for US Treasuries

Michelle Bowman — Photo: Ann Saphir/Reuters/Alamy

- By Lukas Becker
- @LukasBeckerRisk
- 10 Apr 2025

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Federal Reserve governor Michelle will reassert her commitment to exempting US Treasuries from the supplementary leverage ratio (SLR) at her nomination hearing before the Senate Banking Committee on April 10.

A senior rates trader at a US bank described the proposed capital relief as a “no brainer” that could help stabilise a market that has faced serious dysfunction in the chaotic five trading days since US president Donald Trump unveiled his sweeping tariff plans on April 2.

Bowman was nominated

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