Leverage <95% High-Quality>

: Measures the percentage of assets financed through debt.

: The November 2025 report noted that vulnerabilities from financial-sector leverage remain notable, with hedge fund leverage reaching historical highs in early 2025. Leverage

: 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 : Measures the percentage of assets financed through debt

: The most common metric, calculated as Total Debt / Shareholders' Equity , measuring dependence on borrowed funds. and borrowing type (e.g.

: 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.