EBA stress test: €3.4 billion error in BPCE's derivatives exposure to France

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BPCE, the French co-operative banking group that also owns investment bank Natixis, overstated its derivatives exposure to France by €3.4 billion in data submitted to the European Banking Authority (EBA) for its continent-wide stress tests, results of which were published on July 15. The reporting error meant the bank's exposure to France – at €3,783 million – was the largest derivatives exposure to any single country by any of the 90 banks tested.

Among the country's other banks, Crédit Agricol

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