The Federal Reserve and OCC – but not the FDIC – have proposed sweeping changes to the enhanced supplementary leverage ratio (eSLR) imposed on global systemically-important banks (GSIBs) in the U.S.  These GSIB changes would eliminate the fixed eSLR of six percent for national and state-member banks and five percent for BHCs in favor of a ratio linked to the risk-based results of the GSIB surcharge.  The FRB’s total loss-absorbing capacity (TLAC) rules for U.S. GSIBs and intermediate holding companies (IHCs) with parent GSIBs would be reduced also to reduce leverage-related requirements to ensure complementarity with the new eSLR.

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