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Risk.net Print this page   Holdings of Treasury securities by the eight US global systemically important banks (G-Sibs) increased a whopping 42% over 2020 to $1.19 trillion. JP Morgan disclosed the largest increase in Treasury holdings dollar-wise, of $142.4 billion (62%) to $370.4 billion. This amounted to almost 11% of its total assets as of December 31. Citi’s holdings increased the most percentage-wise, by 73% to $232.2 billion, making up about 10% of its end-year assets. In aggregate, US Treasuries held in the Only users who have a paid subscription or are part of a corpor...

Risk.net Print this page   Special measures relaxing rules on how loan-loss provisions are deducted from regulatory capital boosted top UK banks’ core solvency ratios over 2020. Lloyds reaped the largest benefit. Without the relief, its Common Equity Tier 1 (CET1) capital ratio would have been a full 120 basis points lower at end-2020 than reported. Early on in the coronavirus crisis, the Bank of England allowed banks to ‘add back’ income put aside to cover future loan losses under IFRS 9 accounting standards into CET1 Only users who have a paid subscription or are part of...

Non-US banks cut back on MMF dollar funding post-Covid – BIS Print this page   Money market funds (MMFs) provided fewer dollars to non-US banks after the initial outbreak of the coronavirus crisis, research by the Bank for International Settlements (BIS) shows. As of end-2020, non-US banks’ use of MMFs for dollar funding amounted to some $1.13 trillion, down 21% on a year prior and at its lowest level since March 2018. Unsecured borrowings from offshore and US MMFs declined the most percentage-wise over this period, by 38% and 35% respectively. Repo borrowings from Only users...

JP Morgan saw HQLAs increase 28% year on year

Provisions across 70 banks in H1 2020 were almost quadruple those taken in H2 2019