Seeking SCB relief, Goldman cuts equity investments

Plans for less capital-intensive balance sheet could shave 140bp off capital requirements

Goldman Sachs is seeking to reduce its stress capital buffer (SCB) by as much as 140 basis points by cutting the amount of capital charges stemming from equity exposures in its asset management business.

Earlier this month, Goldman Sachs was saddled with the highest SCB among the eight US global systemically important banks, at 6.4%, partially as a result of a poor performance in the Federal Reserve's stress test. 

The SCB – one of two variable US-specific add-ons to the Basel Committee on

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