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FIGFIG People and Markets

Coventry missed out part of RWA calculation

Coventry_PA_230x150_12Dec2019

Even the best in class make mistakes. Coventry Building Society, incredibly well capitalised when compared with its banking peers, has been overstating its common equity tier one (CET1) ratio. Correcting the mistake does not affect its capital ratio greatly, but the episode raises questions over governance according to one analyst.

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