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The world is being quietly rearranged by people who write very long documents.

Federal Register · July 10, 2025
The title they went with Regulatory Capital Rule: Modifications to the Enhanced Supplementary Leverage Ratio Standards for U.S. Global Systemically Important Bank Holding Companies and Their Subsidiary Depository Institutions; Total Loss-Absorbing Capacity and Long-Term Debt Requirements for U.S. Global Systemically Important Bank Holding Companies Noisy translates that to

Megabanks can now use less cash to back some low-risk deals

What happened
US banking regulators want to loosen a rule about how much cash the biggest banks must keep in reserve (the enhanced supplementary leverage ratio). This means these banks will need to hold less money against certain low-risk activities.
Why it matters
A rule about how much cash the biggest US banks must keep on hand has been a major constraint on some low-risk activities. This proposal means they get some relief. It could free up capital for things like holding government bonds or making certain low-risk loans.
The signal
Watch for changes in how much cash the biggest banks report holding against their total assets in their next quarterly filings.
If you insist
Read the original →