End-quarter repo compressions still widespread at global banks
Erste sees biggest leverage boost among 41 banks from end-2025 SFT compression
Erste Group recorded the largest benefit among major global banks from compressing repo exposures at end-2025, boosting its leverage ratio by 28 basis points.
The bank’s securities financing transaction (SFT) exposure stood at €18.9 billion ($22.3 billion) as of December 31, 42.1% below its Q4 2025 average. Using the average instead, its leverage ratio – including central bank reserves – would
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 print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net
More on Risk Quantum
UniCredit’s credit derivatives notional jumps 125%
Increases in protection bought and sold far outpaced European peers
Mizuho leads FCM customer fund surge after Iran war
F&O balances jump 51% at Japanese dealer as industry hits fresh heights
Wells Fargo tops US banks’ financing of private credit
Bank reports $71bn in loans and commitments, but reporting differences cloud comparisons
La Banque Postale trades cash for HQLAs as liquidity mix shifts
€15bn drop in reserves offset by surge in securities holdings
FCM capital requirements surge to record highs
Buffers over minimums fall to decade lows as requirements outpace capital
Deutsche’s IMA RWAs jump 12% on SVAR recalibration
RWAs linked to stressed component bloat €3.5 billion on switch in historical reference period
UBS’s market RWAs fall below pre-FRTB levels
Charges drop 15.8% in Q4 as legacy assets continue to roll off
MMFs’ Fed repos dwindle to five-year low
Just four managers account for remaining balances as funds shift to Treasuries and repos with dealers
