Having cut risk, Wells Fargo may win a lower G-Sib surcharge
Wells Fargo continued to reduce its systemic footprint in the third quarter, and may be in line for a smaller too-big-to-fail capital surcharge in 2022 as a result.
The San Francisco-based bank had a systemic risk score, as calculated using the Federal Reserve’s methodology, of 323 basis points as of end-September, down from 335bp in Q2. This is below the 330bp threshold at which its current 2% systemic risk capital add-on applies. If Wells Fargo makes it to year-end with its score below 330bp
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
Risk management
Union beckons for the three quant tribes
Studies may be deferred, but future for grads is bright, argues UBS’s Gordon Lee
Receive this by email