BofA's VAR reels back to pre-pandemic level
Dealer leads large US banks on curtailing market risk
Source: risk.net
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Dealer leads large US banks on curtailing market risk
Drawdown from expanded revolving line helps cut $2bn of costly overnight funding
Having committed to category II standards by end-2024, bank risked incurring LCR shortfall
Unwind of lower-yielding bonds costs $578m in Q3, with another $400m expected by year-end
Constraints on real-estate exposure modelling result in Pillar 2 charges moving to Pillar 1 requirements