Key facts
- Seven of eight global systemically important banks (G-SIBs) implemented the reformed SLR in Q1.
- Repo-style transaction exposures at these banks increased by 11.6% during the first quarter.
- The growth in leverage exposures resulted in record-low supplementary leverage ratios (SLRs) for four of these institutions.
Seven of the eight global systemically important banks (G-SIBs) in the US adopted a reformed supplementary leverage ratio (SLR) in the first quarter. This regulatory shift, which lowers leverage-based capital requirements, coincided with an 11.6% increase in repo-style transaction exposures among these institutions. The growth in these transactions contributed to record-low SLRs for four of the banks. BNY was the only G-SIB not to adopt the reformed SLR during this period.