Citi hits the Collins floor
Of the eight systemic banks in the US, Goldman Sachs remains the only one above the threshold
Internally modelled risk-weighted assets (RWAs) at Citi dropped below RWAs calculated using the regulator-set standardised approach in the second quarter, causing the bank to fall under the so-called Collins floor.
Total modelled RWAs, also known as advanced-approach RWAs, fell by 0.8%, or $10.1 billion, in the three months to end-June. In contrast, standardised RWAs rose 0.9%, or $11 billion, over the same period.
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