JP Morgan braces for 4% G-Sib surcharge

Fifty-basis point increase to capital ratio looms

JP Morgan expects to be placed in a higher systemic risk surcharge bucket at year-end, which would bump its minimum capital requirement up 50 basis points.

Chief financial officer Jennifer Piepszak said on a Q3 earnings call today (October 13) that the bank will likely be assigned a surcharge equal to 4% of risk-weighted assets (RWAs) after the Federal Reserve completes its annual evaluation of its balance sheet. JP Morgan is currently subject to a 3.5% charge, already the largest of the eight

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 copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here