At Canada’s ‘Big Five’, counterparty and op RWAs grew in 2020
Aggregate risk-weighted assets (RWAs) at Canada’s top lenders barely edged up over the 12 months to end-January. However, the slight overall rise masked a big increase in those RWAs linked to counterparty credit risk (CCR) and operational risk.
CCR RWAs across BMO, CIBC, RBC, TD Bank and Scotiabank hit C$134 billion ($106 billion) in aggregate at end-January, up 9% on the year prior. These increased the most at RBC, by 22% to C$56.9 billion.
Op RWAs at the ‘Big Five’ jumped 5% over the same
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