Barclays and JP Morgan among first to centralise ‘XVA’ desks

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A number of banks are looking to bring the management of so-called XVAs, which includes credit, debt and funding valuation adjustments (CVA, DVA and FVA), under a single, centralised desk. Barclays and JP Morgan are understood to be among the first to make the move, but different banks are approaching it in different ways, and the reorganisation has created friction within some banks.

Those pushing the consolidation argue it makes sense – the adjustments address related issues, so it seems logic

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