Top UK banks' CVA charges up 10% in Q1
Aggregate capital requirements for credit valuation adjustment at the top five UK banks climbed for the third successive quarter, jumping £97 million ($127 million) over the first three months of 2019 alone.
Total CVA capital posted by Barclays, HSBC, Lloyds, RBS and Standard Chartered stood at £1.1 billion at end-March, up 10% from £961 million at end-2018. Year-on-year, the aggregate rise was a more modest 1%.
Standard Chartered's CVA charge increased the most of the five on the quarter, by
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