JP Morgan cuts op risk RWAs by $12.5 billion
Operational RWAs down to $387.6 billion from $400 billion in the second quarter
JP Morgan cut its operational risk-weighted assets (RWAs) in the second quarter of this year, for the first time since banks started reporting the measure in 2014.
The US lender shed $12.5 billion worth of operational RWAs, or 3.1%, from $400 billion, bringing its Pillar 1 total to $387.5 billion.
In its latest Pillar 3 disclosure, JP Morgan said the reduction was due to “an update to
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