Risk Quantum/Santander
US CVA charges over seven times higher than EU
Huge disparity appears to result from EU exemption for corporate trades
Italian banks hardest hit by IFRS 9 transition
Risk Quantum analysis of 36 banks from 11 European Union countries found that capital declined on average by 34bp between December 31, 2017, and March 31, 2018
Barclays and HSBC impairment provisions soar
Barclays’ provisions increase 54%; HSBC’s by 29%
Santander reaps capital benefit with close of toxic asset sale
The bank aims to have CET1 above 11% by end-2018