

Trading and AFS securities hit record high at US G-Sibs
Rebounding fair values and appetite for trading inflate indicator used in annual G-Sib assessment
Systemic US dealers’ balances of fair-valued securities hit a near seven-year high of $3.53 trillion in the first quarter, propelled by ballooning trading books and resurgent mark-to-market valuations of liquid assets.
The aggregate fair values of held-for-trading (HFT), available-for-sale (AFS) and non-trading equity securities across the eight banks increased 23% year on year, reaching the highest since at least Q3 2017.
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