Top US banks’ market risk charges surged in 2020

Regulatory capital required to cover trading risks at the eight US global systemically important banks (G-Sibs) hit a collective $38.2 billion in Q4 2020, 37% higher than the same quarter a year ago. At Citi, Wells Fargo and BNY Mellon, market risk charges stood at their highest levels in at least five years.

The US standardised approach for calculating market risk capital requirements is made up of six sub-components. Of these, the collective value-at-risk charge held by the G-Sibs increased

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