Norinchukin’s RWAs up 21% as Basel III formulas react to market volatility

Market charges up 230% in harsh test of new standardised approaches

The Norinchukin Bank’s capital requirements ballooned 21% in the volatile three months to end-June, driven by soaring counterparty and market risk charges, in a foretaste of what may await other Japanese banks once they also adopt the Basel III reform package.

Norinchukin voluntarily implemented the final Basel III standards in March, a full year before the hard deadline for large Japanese banks. In doing so, it dropped internal modelling for a swath of exposures, switching to overhauled

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 copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here