FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis
That could cut bank demand for government debt and reduce the funding for other investors to buy bonds, resulting in increased market volatility, which was a factor last March that prompted the Fed to offer banks SLR leniency.The regulator will make a decision soon, Fed Chair Jerome Powell said last week.
As of year-end, big banks, including JPMorgan Chase & Co, Bank of America Corp and Citigroup Inc were well above the SLR requirement to hold capital equal to at least 5% of total assets.
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