US Treasury Secretary: Banking SLR rules expected to be lifted this summer

Planet Daily News: U.S. Treasury Secretary Becent stated that regulators might cancel a long-standing regulation restricting banks' U.S. Treasury bond trading this summer. Becent said they are very close to taking action on the Supplementary Leverage Ratio (SLR) regulation. He noted that the three major bank regulatory agencies - the Federal Reserve, the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC) - are working on addressing this issue, saying, "I believe we might see results in the summer." The current SLR rules require banks to retain corresponding capital when trading U.S. Treasury bonds. Becent stated that canceling this regulation could potentially lower U.S. Treasury bond yields by dozens of basis points.