美联储放大招？6月25日要对“银行国债交易紧箍咒”动刀！

Core Viewpoint - The Federal Reserve is set to discuss adjustments to the Supplementary Leverage Ratio (SLR) rules on June 25, aiming to provide banks with more flexibility in trading government bonds, which could impact the financial market significantly [1][3]. Group 1: SLR Rule Explanation - The Supplementary Leverage Ratio (SLR) is a regulatory measure designed to limit banks' risk-taking behaviors by acting as a "safety rope" [3]. - Previously, strict SLR rules restricted banks' ability to trade in the government bond market, limiting their leverage and trading activities [3]. Group 2: Reasons for Adjustment - The Federal Reserve's potential modification of the SLR rules is intended to enhance market liquidity, especially in light of recent volatility in the government bond market [3]. - By allowing banks to trade more flexibly, the Fed aims to stabilize the financial market and encourage capital flow, which could invigorate economic activity [3]. Group 3: Controversies and Implications - There are mixed opinions regarding the relaxation of SLR rules; proponents argue it could lead to a more active bond market, facilitating corporate financing and government debt issuance [4]. - Critics warn that loosening these regulations may increase risks for banks, potentially leading to significant market fluctuations reminiscent of past financial crises [4]. - Changes in the SLR rules could affect government bond yields, impacting individual investments and loan conditions for mortgages and business financing [4].