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US Treasury Secretary Scott Bessent indicated that regulators are close to moving the supplementary leverage ratio (SLR) and may implement changes as early as this summer. The potential adjustment to the SLR, a regulatory measure that has limited banks' trading activities, could impact major financial institutions including Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, U.S. Bancorp, and Wells Fargo. This move aims to ease constraints on banks' trading in the $29 trillion US Treasuries market, potentially altering the dynamics of trading in this significant segment of the financial market.
Treasury Secretary Scott Bessent announces that US regulators are considering lifting a rule that has constrained banks' trading in the $29 trillion Treasuries market this summer. #Treasury #Regulation #Banks #Trading
TREASURY SECRETARY SCOTT BESSENT SAID THAT US REGULATORS MAY LIFT A RULE THAT’S SERVED AS A CONSTRAINT ON BANKS’ TRADING IN THE $29 TRILLION TREASURIES MARKET THIS SUMMER
Treasury Secretary Scott Bessent said that US regulators may lift a rule that’s served as a constraint on banks’ trading in the $29 trillion Treasuries market this summer https://t.co/JgOEiKie04
