Barclays frees up £4.5bn RWAs after overissuance clean-up
The bank unwound hedges that safeguarded its buyback of mis-sold US notes
Barclays managed to free up £4.5 billion ($5.2 billion) in risk-weighted assets (RWAs) in the third quarter as it reversed the hedges that safeguarded a rescission offer on $17.7 billion of US notes that it had mistakenly overissued.
The bank disclosed in March it had inadvertently sold more exchange-traded notes than the maximum allowed under a 2019 US shelf registration, and launched a
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