CBA’s IRRBB charges finally ease

After over a year of surging charges for interest rate risk, last quarter of 2022 brought reprieve

Commonwealth Bank of Australia (CBA) saw capital requirements for interest rate risk in the banking book (IRRBB) cool by 3% last quarter, a cautious signal the relentless rise in charges may be over as hedges catch up with central bank policy.

Risk-weighted assets (RWAs) to capture downside from rate swings slid from A$49.4 billion (US$34.0 billion) to A$47.9 billion in the three months to end-December, marking the first drop in two years. The latest figure equated to 9.5% of the bank’s total

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