VAR-based charges drop at Goldman and Wells, rise at JP
VAR-based capital requirements fell 7% on average across the eight G-Sibs
US global systemically important banks’ (G-Sibs) value-at-risk capital charges fell 7% on average in the three months to September, as the level of market risk exposure decreased for the second consecutive quarter.
Goldman Sachs and Wells Fargo posted the largest drop in their VAR-based capital requirements on the quarter, by 18% each, compared to a relatively flat second quarter. They were followed by Bank of America, which cut its requirements by 12%.
State Street, BNY Mellon, Morgan Stanley
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