Structured product losses weigh on Canadian G-Sibs
RBC and TD Bank, Canada’s two global systemically important banks (G-Sibs), disclosed hefty paper losses on holdings of structured securities last quarter.
RBC reported a net C$369 million ($269 million) unrealised loss on a C$7.9 billion portfolio of collateralised debt obligations (CDOs) over the three months to end-April. Over the preceding three months, unrealised losses on these instruments had been just $4 million. Non-CDO asset-backed securities (ABS) also fell in value, by a net C$44
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Risk Quantum
Regulation
Esma weighs delay to review of repo reporting rules
Expectations grow that a review of SFTR scheduled for April will be postponed due to Covid
Receive this by email