JP Morgan, BofA face higher G-Sib surcharges
Both banks could face an extra 50 basis points of capital add-on without remedial action
All eight too-big-to-fail US banks saw their systemic risk scores, as determined by the Federal Reserve, climb over the first quarter – two of them by enough to face larger capital surcharges if they don’t shrink their exposures by year-end.
The average systemic risk score across the eight banks for Q1 2021 was 541 basis points, 33bp higher than at end-2020.
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