Schwab, Northern Trust’s funding risk rivals G-Sibs'
Two non-G-Sibs have high short-term wholesale funding scores under Method 2
Charles Schwab and Northern Trust's exposure to funding runs, as measured by the Federal Reserve's systemic risk metric, exceeds that of most of the US global systemically important banks (G-Sibs).
The Fed's Method 2 calculation for setting systemic risk buffers includes a short-term wholesale funding score that reflects banks' liquidity risk. This component makes up a third of the average aggregate Method 2 scores for the eight current US G-Sibs.
Though they are not G-Sibs themselves, Charles
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