US regulators end leverage ratio exemption
Fed, OCC and FDIC stick to March 31 end date despite reports of industry lobbying
Three US financial regulators announced on March 19 that the supplemental leverage ratio (SLR) exemption will end on March 31.
The Federal Reserve, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency introduced the exemption last spring. The move aimed to encourage lending as a response to the Covid-19 pandemic.
The Financial Times reported last month that several banks had been lobbying federal regulators to extend the exemption.
In a separate press
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