by Have to watch to see if banking lobby again approaches a now new GOP government with this regulatory modification request… last time in 2021 nutty Pocahontas led Dems wouldn’t agree with it so we’ve remained susceptible to the financial asset volatility Art degree monetarists can cause when they “inject some pumped in money!” in their characterizing deranged way they think Accounting abstractions are REAL…I think UST should be in the SLR computation, although there might be some weighting of risk according to duration.O/N reserve balances definitely should be excluded, as done by BoE and currently ECB.— Kim Driver (@KimDriver11) May 5, 2023 If we can get this then there will be A LOT of reduction in realized volatility going forward while most participants will be still be paying the
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Have to watch to see if banking lobby again approaches a now new GOP government with this regulatory modification request… last time in 2021 nutty Pocahontas led Dems wouldn’t agree with it so we’ve remained susceptible to the financial asset volatility Art degree monetarists can cause when they “inject some pumped in money!” in their characterizing deranged way they think Accounting abstractions are REAL…
I think UST should be in the SLR computation, although there might be some weighting of risk according to duration.
O/N reserve balances definitely should be excluded, as done by BoE and currently ECB.
— Kim Driver (@KimDriver11) May 5, 2023
If we can get this then there will be A LOT of reduction in realized volatility going forward while most participants will be still be paying the historic volatility prices…
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