Risk.net poll: Industry divided over plan to scrap VAR


A poll of Risk.net readers shows a sharp divide over the Basel Committee on Banking Supervision's proposal to use expected shortfall to calculate trading book capital requirements, instead of the long-standing value-at-risk metric. The poll asked readers if they agreed with the proposal, and the 992 respondents were split almost evenly: 54% were in favour, with 46% against. VAR has attracted public criticism because it is seen as neglecting the unlikeliest events, allowing firms – and i