: Managed by the Office of Financial Research , this provides ongoing reports on leverage by strategy, size, and borrowing type (e.g., repo or prime brokerage) based on SEC Form PF data. Core Leverage Reporting Metrics
Authoritative bodies monitor leverage levels to assess risks to the broader financial system: Leverage
: The Financial Stability Board (FSB) released a final report specifically addressing risks created by leverage in Nonbank Financial Intermediation (NBFI), such as hedge funds and life insurers. : Managed by the Office of Financial Research
: The November 2025 report noted that vulnerabilities from financial-sector leverage remain notable, with hedge fund leverage reaching historical highs in early 2025. : The most common metric, calculated as Total
: The most common metric, calculated as Total Debt / Shareholders' Equity , measuring dependence on borrowed funds.
: Often used by credit agencies, calculated as (Total Debt - Cash) / EBITDA . Leverage in Nonbank Financial Intermediation: Final report