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MNI BRIEF: Fed's Quarles: Still Likely to Propose SLR Reform

- Federal Reserve Governor Randy Quarles said Tuesday the Fed is still likely to propose permanent reforms to its supplemental leverage ratio requirement in light of historical growth of cash reserves under QE.

There are roughly three types of reforms and "we're looking at whether we need to do any of them," he said without elaborating. SLR relief expired at the end of March.

MNI has reported that retooling the capital requirement is seen as a pragmatic move for Treasury market liquidity but faces an uphill political battle.

MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com

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