Risk Quantum/Royal Bank of Canada (RBC)
‘Big Five’ Canadian banks’ loan-loss charges quadruple
Reserves for performing loans increase 32-fold quarter-on-quarter
Trading losses at US units of Deutsche, RBC exceed VAR by 1,000%
Wild markets overwhelmed foreign banks’ value-at-risk estimates
Fed dominated MMF repo trades in March
FICC and BNP Paribas among other top repo counterparties
Big Canadian banks face C$1bn capital hike on securitisation changes
RBC faces C$551 million uplift alone
Over 2019, loan-loss reserves up 50% at RBC
Percentage of provisions to total loans up to 0.32%
MMF repo volumes fell 8% in September
FICC remained largest single counterparty for US Treasury repo
RBC expands market risk model scope
Moving assets off standardised approach contributed to 6% quarter-on-quarter RWA decline
FICC dominates US Treasury repo in Q2
Clearing house’s sponsored programme claimed $449.7 billion of US Treasury-backed trades
Model changes, asset growth boost Canada bank RWAs
TD Bank brings credit card portfolio under A-IRB
Canadian banks see loan-loss reserves diverge
Provisions rise at Scotiabank and BMO; drop off at TD Bank, CIBC and RBC
Canadian Big Five hoard reserves as credit outlook decays
Four of the five largest Canadian lenders saw provisions rise, with BMO the only outlier
Junk loan, souring economy push up RBC loan-loss reserves
Provisions for credit losses hit C$514 million in Q1 2019