Top UK banks cut CVA capital by £190 million
Barclays and StanChart are only two banks with higher CVA capital requirements in 2018
The five largest UK banks cut credit valuation adjustment (CVA) capital requirements by £190 million ($252 million) in 2018, with Lloyds leading the way with a 50% reduction.
Total CVA capital across Barclays, HSBC, Lloyds, RBS and Standard Chartered stood at £989 million at end-December, down 16% from £1.18 billion the previous year.
Lloyds reported a CVA capital charge of £56 million, down
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