January 12, 2024 (NO COMMENTS)

Singaporean bank’s counterparty credit risk up 28% to multi-year high

OCBC Bank’s risk-weighted assets (RWAs) for counterparty credit risk (CCR) rose 28% in the third quarter, after exposures calculated under the standardised approach (SA-CCR) almost doubled in the space of three months. Total CCR RWAs reached S$8.2 billion ($6.1 billion) at the end of September, up from S$6.4 billion three months prior and the highest since at least 2018.  RWAs pinned to SA-CCR rose 96.9% to S$7 billion over the same period, another five-year record.