HSBC, StanChart SVAR charges hit multi-year highs

Stressed trading-loss measure makes up 43% of banks’ modelled market risk charges

Capital requirements linked to stressed value-at-risk (SVAR) shot up 39.8% at HSBC and 54.6% at Standard Chartered during the first quarter, reaching their highest levels in five and four years respectively.

At HSBC, SVAR risk-weighted assets (RWAs) hit $11.6 billion at the end of March, up from $8.3 billion three months earlier, representing the heftiest figure since December 2018’s $12.1 billion.

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