RBC Required Balances Surge to $XX Billion
Ticker: RYLBF · Form: 6-K · Filed: Aug 28, 2024 · CIK: 1000275
| Field | Detail |
|---|---|
| Company | Royal Bank Of Canada (RYLBF) |
| Form Type | 6-K |
| Filed Date | Aug 28, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: regulatory-filing, required-balances, liquidity
TL;DR
RBC's required balances jumped to $XXB by July 31, 2024, up from $2B in April.
AI Summary
Royal Bank of Canada reported that its required balances due to regulatory requirements or contractual restrictions totaled $XX billion as of July 31, 2024. This figure compares to $2 billion on April 30, 2024, and $3 billion on October 31, 2023, indicating a significant increase in required balances by the third quarter of 2024.
Why It Matters
This filing highlights a substantial increase in Royal Bank of Canada's required balances, which could impact liquidity management and regulatory capital ratios.
Risk Assessment
Risk Level: medium — The significant increase in required balances could signal heightened regulatory scrutiny or changes in the bank's risk profile.
Key Numbers
- $XX billion — Required Balances (As of July 31, 2024, indicating a significant increase from previous periods.)
- $2 billion — Required Balances (As of April 30, 2024.)
- $3 billion — Required Balances (As of October 31, 2023.)
Key Players & Entities
- ROYAL BANK OF CANADA (company) — Filer
- $XX billion (dollar_amount) — Total required balances as of July 31, 2024
- $2 billion (dollar_amount) — Required balances as of April 30, 2024
- $3 billion (dollar_amount) — Required balances as of October 31, 2023
FAQ
What is the primary reason for the increase in required balances for Royal Bank of Canada?
The filing states that these balances are due to regulatory requirements or contractual restrictions from central banks, other regulatory authorities, and other counterparties, but does not specify the exact reason for the increase.
When did the required balances reach $XX billion?
The required balances reached $XX billion as at July 31, 2024.
How do the July 31, 2024 required balances compare to April 30, 2024?
The required balances were $XX billion as at July 31, 2024, compared to $2 billion as at April 30, 2024.
What was the amount of required balances on October 31, 2023?
The required balances were $3 billion on October 31, 2023.
Does the filing provide details on the specific counterparties contributing to the required balances?
No, the filing generally refers to 'central banks, other regulatory authorities, and other counterparties' without naming specific entities.
Filing Stats: 323 words · 1 min read · ~1 pages · Grade level 14.9 · Accepted 2024-08-28 06:25:45
Filing Documents
- d660835d6k.htm (6-K) — 970KB
- d660835dex991.htm (EX-99.1) — 158KB
- d660835dex992.htm (EX-99.2) — 11250KB
- d660835dex993.htm (EX-99.3) — 6KB
- d660835dex311.htm (EX-31.1) — 10KB
- d660835dex312.htm (EX-31.2) — 10KB
- g660835dsp04.jpg (GRAPHIC) — 4KB
- g844979g00h01.jpg (GRAPHIC) — 96KB
- g844979g00h02.jpg (GRAPHIC) — 100KB
- g844979g00h03.jpg (GRAPHIC) — 103KB
- g844979g00h04.jpg (GRAPHIC) — 97KB
- g844979g00h05.jpg (GRAPHIC) — 168KB
- g844979g01f22.jpg (GRAPHIC) — 86KB
- g844979g33k01.jpg (GRAPHIC) — 66KB
- g844979g33s33.jpg (GRAPHIC) — 68KB
- g844979g41k41.jpg (GRAPHIC) — 81KB
- 0001193125-24-208204.txt ( ) — 42748KB
- ry-20240731.xsd (EX-101.SCH) — 147KB
- ry-20240731_cal.xml (EX-101.CAL) — 94KB
- ry-20240731_def.xml (EX-101.DEF) — 632KB
- ry-20240731_lab.xml (EX-101.LAB) — 803KB
- ry-20240731_pre.xml (EX-101.PRE) — 780KB
- d660835d6k_htm.xml (XML) — 12362KB
Signatures
Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. ROYAL BANK OF CANADA Date: August 28, 2024 By: /s/ Katherine Gibson Name: Katherine Gibson Title: Interim Chief Financial Officer Table of Contents EXHIBIT INDEX Exhibit Description of Exhibit 99.1 Third Quarter 2024 Earnings Release 99.2 Third Quarter 2024 Report to Shareholders (which includes management's discussion and analysis and unaudited interim condensed consolidated financial statements) 99.3 Return on Equity and Assets Ratios Rule 13a-14(a)/15d-14(a) Certifications 31.1 - Certification of the Registrant's Chief Executive Officer 31.2 - Certification of the Registrant's Interim Chief Financial Officer 101 Interactive Data File (formatted as Inline XBRL) 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) Table of Contents