BNY Mellon dips below Collins floor after surge in standardised RWAs
All nine US banks using internal models now bound by regulator-set approach
Higher agency securities lending and client overdraft balances contributed to a $13.6 billion increase to BNY Mellon’s standardised risk-weighted assets (RWAs) in the first quarter, pushing the bank below the so-called Collins floor.
RWAs calculated using the regulator-set approach rose 8.7% to $169.9 billion. Internally modelled RWAs, on the other hand, increased 2.2% to $165.2 billion.
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