BILS - Federal Reserve: A Nod Of Confidence

• The Federal Reserve's decision to remove a Covid crisis-induced emergency measure for banks has important ramifications.
• It shows that the Fed is confident on US banks and the system. It also suggests comfort on the rise in market rates to date.
• It, in fact, could be construed as a moderate tightening in policy. Here, we explore SLR reversion implications.

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