James Mitchell's questions to JPMORGAN CHASE & (JPM) leadership • Q2 2025
Question
Inquired about the bank's actions to reduce asset sensitivity ahead of potential rate cuts and whether a reduction in the Supplementary Leverage Ratio (SLR) would create meaningful opportunities for balance sheet growth.
Answer
The bank has added some duration at the front end of the curve to balance its exposure to different rate scenarios but noted it's nearly impossible to get asset sensitivity to zero. Regarding the SLR, they see its reform as important for systemic resilience but noted JPMorgan is not currently constrained by it. The impact would be modest and is likely already priced into the market.