U.S. Fixed Income: How Important Are Bank-Level SLR Carve-Outs to Swap Spreads?

In this conversation, J.P. Morgan Research analysts Alex Roever and Josh Younger discuss leverage constraints, the interaction between Holding Companies and their bank subsidiaries, and the implications for swap spreads.

 

This podcast was recorded on February 5, 2021.

This communication is provided for information purposes only.  Institutional clients can view the related report at www.jpmm.com/research/content/GPS-3636518-0  for more information; please visit www.jpmm.com/research/disclosures for important disclosures. A version of this podcast was previously disseminated to institutional clients with the title “How important are bank-level SLR carve-outs to swap spreads?: February 5, 2021.” © 2021 JPMorgan Chase & Co. All rights reserved.