Lloyds’ the outlier as UK banks crush CVA charges in Q3
Capital requirements to cover credit valuation adjustments fell at all but one of the top UK banks in Q3, reversing the sharp increases witnessed over the first half of the year in the wake of the coronavirus crisis.
In aggregate, CVA risk-weighted assets (RWAs), used to compute capital charges, tumbled 21% over the three months to end-September at Barclays, HSBC, Lloyds, NatWest and Standard Chartered.
Barclays posted the biggest decline, of 32% to £2.7 billion, saddling it with a capital
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