SLR Delayed As “Regulatory Brain Power” Is Diverted To Debt Crisis

The final rule for the supplementary leverage ratio (SLR) has probably been pushed back to the beginning of next year because regulatory bodies are devoting most of their remaining resources to dealing with the potential fallout from the debt ceiling crisis, according to a report from Citi analyst Josh Levin. Citigroup Inc. (NYSE:C) hosted a series of meetings in Washington DC last week with investors and regulators and found “the overall tone as not particularly encouraging vis à vis the likelihood of regulatory relief for banks.” FDIC in favor of SLR According to Levin the FDIC is in favor the SLR…