Systemic US banks’ market risk charges fall from Covid highs
Citi an outlier as its capital requirements increase in Q3
Regulatory charges for market risk at the eight US global systemically important banks (G-Sibs) dropped in aggregate in the third quarter after hitting multiyear highs in Q2. BNY Mellon, Citi and State Street bucked the trend, though, as their charges actually climbed quarter-on-quarter.
The combined standardised capital requirement for market risk of the eight firms was $37.3 billion at end-September, down almost 8% from $40.4 billion three months prior. The Q2 total was the highest since Q1
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