Riskless assets hit three-year low at top US banks

JP Morgan drives shift, shedding more than $65 billion in risk-free exposures

The share of credit exposures attracting no capital charge at the eight US systemic banks fell to 35.2% in the second quarter ­– 130 basis points lower than in Q1 and the lowest since March 2020.

On aggregate, exposures carrying zero risk-weight under the standardised approach dropped $102.1 billion to $3.44 trillion.

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