Over four years, US G-Sibs slash securitisation charges

Big US banks have dramatically reduced their capital charges for securitisations since end-2015. In aggregate, the eight US global systemically important banks (G-Sibs) were required to hold $13.3 billion of capital against these exposures as of Q3 3019, 31.9% less than in Q4 2015.

However, these charges have increased since the same quarter a year ago, after 11 consecutive quarters of declines, by 5.4%.

Of the aggregate required capital for Q3, 36.2% was calculated using the supervisory