Top UK banks cut CVA charges by 9% in Q2

Standard Chartered is only outlier among big five to see capital requirement rise

The top five UK banks saw their aggregate capital charge for credit valuation adjustment (CVA) fall by £96 million ($119 million) in the second quarter, reversing much of the increase disclosed in Q1.

Barclays, HSBC, Lloyds, RBS and Standard Chartered together had to hold £962 million of capital for CVA at end-June, down 9% from £1.1 billion in the previous quarter.

Barclays reported a CVA capital charge of £275 million for Q2, down 17% from £330 million at end-March.

HSBC posted an 8%

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here