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Big dip in fines belies lingering fears over Covid loan mis-selling and sanctions risk Print this page
When supervisors intervened in markets over the past 12 months, it was more often to protect lenders than slap firms with fines: with a couple of notable exceptions, regulatory penalties in 2020 plummeted as Covid-19 spread across the globe.
Still, regulatory risk – the fear that changes to rulesets and supervisory expectations create openings for operational mis-steps, disclosure challenges, restrictions on activity or straightforward financial penalties – is never far from thought for banks
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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
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