Federal Banking Agencies Finalize The ESLR Rule, With Some Adjustments

The federal banking agencies have finalized their rule to recalibrate the enhanced Supplementary Leverage Ratio (eSLR) for U.S. global systemically important bank holding companies (GSIBs) and their covered depository institutions. The final rule sets a simple and transparent limit on a banking organization's leverage. The net effect of the rule changes should allow banking organizations to better serve their customers and the broader economy across a range of low-risk activities. The final rule largely follows the federal banking agencies' proposal with some key changes. This post focuses on what has changed.

The final rule becomes effective April 1, 2026, but banks may begin using it January 1, 2026.