US trading blunder costs Barclays £2.8bn in credit RWAs

- By Lorenzo Migliorato
- 03 May 2022

Barclays’ credit risk-weighted assets (RWAs) rose £2.8 billion ($3.5 billion) in the first quarter as the bank put in place a number of short-term arrangements to hedge risks from the rescission of structural notes it oversold in the US.

As a result, total credit RWAs swelled 7% to £190.3 billion, equating to an extra £224 million in capital requirements booked for the quarter.

!function(e,i,n

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 info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact info@risk.net to find out more.

You are currently unable to copy this content. Please contact info@risk.net to find out more.

As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.

If you would like to purchase additional rights please email info@risk.net

You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.

If you would like to purchase additional rights please email info@risk.net