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ARTICLE · 03 JULY 2025

Federal Banking Agencies Propose Revision To Enhanced Supplementary Leverage Ratio

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On June 25, 2025, the Federal Reserve Board (FRB), the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC) (collectively, the "Agencies")...

United StatesFinance and Banking
Benjamin Saul
Benjamin Saul
Nathaniel Sans
Nathaniel Sans

On June 25, 2025, the Federal Reserve Board (FRB), the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC) (collectively, the "Agencies") released a joint proposed rule that, if finalized, would adjust the enhanced supplementary leverage ratio (eSLR) applicable to global systemically important bank holding companies (GSIBs) and their depository institution subsidiaries.1

The Agencies intend for this "recalibration" of the eSLR to "reduce disincentives for GSIBs and their depository institution subsidiaries to participate in low-risk, low-return businesses, such as US Treasury market intermediation conducted by broker-dealer subsidiaries of GSIBs."2 If finalized, the rule will ease capital requirements for the largest financial institutions and their subsidiaries.

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