The US Treasury’s report recommending that US Treasuries (UST) be removed from the US enhanced Supplementary Leverage Ratio (eSLR) has some direct and positive implications for US banks. Here’s a brief synopsis of what this would mean, including the decision by the Fed-sponsored Alternative Reference Rates Committee to adopt a “broad repo” rate as an alternative to LIBOR.
This content requires a Finadium subscription. Articles with an unlocked symbol can be accessed with free registration. Log in or create a free account by signing up here..