PRA relief blunts market risk surge at Barclays, StanChart
Without temporary measures, market RWAs would have been 18% higher at StanChart
Market risk-weighted assets (RWAs) leapt higher at Barclays and Standard Chartered in the first quarter, though not as much as they would have done without the targeted relief granted by the UK’s Prudential Regulation Authority (PRA).
Market RWAs, as calculated under the internal models approach (IMA), jumped 36% to £24.2 billion at Barclays over the first three months of the year, and 6% to $12.1 billion at Standard Chartered. Standardised approach market RWAs increased 9% at Barclays to £14.2
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