U.S. Treasury Secretary: SLR rules for the banking sector are expected to be lifted this summer.

[U.S. Treasury Secretary: SLR rules for banks are expected to be lifted this summer] U.S. Treasury Secretary Bessant said that regulators may remove a rule that has long restricted banks’ U.S. Treasury transactions this summer. Bson said it was very close to taking action on the provisions (SLR) supplemental leverage. He noted that the Federal Reserve, the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation, (FDIC) three major banking regulators are tackling the problem, and “I think we may see results in the summer.” The removal of the existing SLR rule, which requires banks to retain capital when trading U.S. Treasuries, could bring Treasury yields down by tens of basis points, according to Bassen.