| Schedule of regulatory capital and regulatory capital requirements |
VAL's regulatory capital and regulatory capital requirements as of December 31, 2022 was as follows: | | | | | | | | | | | | | | | | | | | | | | (in thousands) | | Regulatory Capital | | Regulatory Capital Requirement | | Excess Regulatory Capital | | Virtu Americas LLC | | $ | 554,550 | | | $ | 1,000 | | | $ | 553,550 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
VAL's regulatory capital and regulatory capital requirements as of December 31, 2021 was as follows: | | | | | | | | | | | | | | | | | | | | | | (in thousands) | | Regulatory Capital | | Regulatory Capital Requirement | | Excess Regulatory Capital | | Virtu Americas LLC | | $ | 536,647 | | | $ | 1,194 | | | $ | 535,453 | |
The regulatory net capital balances and regulatory capital requirements applicable to the Company's foreign subsidiaries as of December 31, 2022 were as follows: | | | | | | | | | | | | | | | | | | | | | | (in thousands) | | Regulatory Capital | | Regulatory Capital Requirement | | Excess Regulatory Capital | | Canada | | | | | | | | Virtu ITG Canada Corp | | $ | 14,248 | | | $ | 184 | | | $ | 14,064 | | | | | | | | | | Virtu Financial Canada ULC | | 2,663 | | | 184 | | | 2,479 | | | Ireland | | | | | | | | Virtu ITG Europe Limited | | 78,834 | | | 28,502 | | | 50,332 | | | Virtu Financial Ireland Limited (1) | | 89,853 | | | 39,768 | | | 50,085 | | | United Kingdom | | | | | | | | Virtu ITG UK Limited | | 1,405 | | | 906 | | | 499 | | | Asia Pacific | | | | | | | | Virtu ITG Australia Limited | | 30,027 | | | 3,115 | | | 26,912 | | | Virtu ITG Hong Kong Limited | | 1,683 | | | 497 | | | 1,186 | | | Virtu ITG Singapore Pte Limited | | 1,147 | | | 91 | | | 1,056 | | | Virtu Financial Singapore Pte. Ltd. | | 121,166 | | | 46,025 | | | 75,141 | | | (1) Preliminary | | | | | | |
The regulatory net capital balances and regulatory capital requirements applicable to the Company's foreign subsidiaries as of December 31, 2021 were as follows: | | | | | | | | | | | | | | | | | | | | | | (in thousands) | | Regulatory Capital | | Regulatory Capital Requirement | | Excess Regulatory Capital | | Canada | | | | | | | | Virtu ITG Canada Corp | | $ | 15,482 | | | $ | 198 | | | $ | 15,284 | | | Virtu Financial Canada ULC | | 200 | | | 198 | | | 2 | | | Ireland | | | | | | | | Virtu ITG Europe Limited | | 79,087 | | | 39,331 | | | 39,756 | | | Virtu Financial Ireland Limited | | 107,293 | | | 47,872 | | | 59,421 | | | United Kingdom | | | | | | | | Virtu ITG UK Limited | | 1,142 | | | 830 | | | 312 | | | Asia Pacific | | | | | | | | Virtu ITG Australia Limited | | 32,186 | | | 7,164 | | | 25,022 | | | Virtu ITG Hong Kong Limited | | 4,514 | | | 529 | | | 3,985 | | | Virtu ITG Singapore Pte Limited | | 897 | | | 74 | | | 823 | |
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