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Supplementary Leverage Ratio

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A Supplementary Leverage Ratio (SLR) is a type of alternative investment, specifically a hedge, which is essentially a bet that more liquid capital requirements[1] will boost demand for United States Treasury securities (i.e., government bonds). Established in 2014 as an enhancement of the Office of Financial Research's Bank Systemic Risk Monitor as a part of the Basel III reforms,[2] the financial instrument was broadly used in response to the COVID-19 pandemic.[3][4]

They have been posited as being a minor factor[5] in the 2025 stock market crash, when stocks and bonds did not interact in their typical inverse manner.[6][7] Margin calls, i.e. demands for collateral, are suspected of having reversed some attempted SLR trades.[8][9]

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