The US Treasury Department is actively exploring potential changes to banking regulations in response to recent market turbulence. This follows a substantial drop in US Treasury bonds last week, which has raised concerns about the impact of the ‘Supplementary Leverage Ratio’ (SLR) regulation. The decline marks the largest drop in over two decades, prompting fears reminiscent of the 2020 market crash. While the Treasury Secretary chairs the Financial Stability Oversight Council responsible for U.S. financial stability, any proposed changes to regulations require approval from the Federal Reserve and other agencies. Deputy Secretary Michael Faulkender confirmed that discussions regarding this matter are underway.