UK banks’ RWAs near record low – BoE
Lower credit and counterparty RWAs led the quarterly drop, latest figures show
UK lenders’ risk-weighted assets (RWAs) ticked lower in the first quarter of the year, hitting their lowest level since Q4 2019, the latest Bank of England data shows.
The country’s banking sector reported a combined £2.8 trillion ($3.9 trillion) in RWAs under their belt as of March 31, down 0.6% from three months earlier and 7.4% from the same quarter a year ago, when the pandemic first hit.
The latest figures are just £17 billion above Q4 2019’s levels, when RWAs fell to their lowest level
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