US big banks shrink systemic footprints in Q2
JP Morgan moves down into 3.5% capital surcharge bucket under Fed G-Sib methodology
All but one of the US global systemically important banks (G-Sibs) grew less risky in the second quarter.
JP Morgan, the largest G-Sib, cut its systemic risk score as calculated by the Federal Reserve to 728 from 737 in three months to end-June, moving it out of the 4% capital surcharge bucket and into the 3.5% bucket, which applies to firms with scores of between 630 and 729.
Morgan Stanley
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