Big banks look to XVA desks to crush counterparty exposures
Risk Benchmarking: Two-thirds of global dealers run routine optimisation, compared with just 13% of smaller players
This article is part of a series benchmarking bank XVA management practices. Subscribers can view selected cuts of the data here, and sign up for Risk Benchmarking emails here.
Systematically reducing a swaps book’s capital and counterparty exposures through formal optimisation remains the preserve of bigger dealers with centralised derivatives valuation adjustments (XVAs) desks, data from Risk
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