Credit Suisse set for op RWA hike as litigation charges pile on
Sfr1bn increase expected to accrue over the next six months
Credit Suisse expects its operational risk-weighted assets (RWAs) to rise by Sfr1 billion ($1.1 billion) by next March, as the bank digests a flurry of litigation provisions.
The increase – tentatively quantified by chief financial officer David Mathers on today’s (November 4) earnings call – would have inflated op RWAs by 14% as of end-September, to Sfr70.1 billion, the highest since the third quarter of 2019.
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