JP Morgan braces for 4% G-Sib surcharge

Louie Woodall
13 Oct 2020

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

JP Morgan expects to be placed in a higher systemic risk surcharge bucket at year-end, which would bump its minimum capital requirement up 50 basis points.

Chief financial officer Jennifer Piepszak said on a Q3 earnings call today (October 13) that the bank will likely be assigned a surcharge equal to 4% of risk-weighted assets (RWAs) after the Federal Reserve completes its annual evaluation of its balance sheet. JP Morgan is currently subject to a 3.5% charge, already the largest of the eight

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.

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]

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]