ANZ's CVA loss flags challenge for regional banks

Many smaller dealers thought to be out of step with market practice and new capital rules

Bad calculation: a change in the way ANZ works out LGD could be to blame for the CVA loss

A derivatives valuation loss at Australia and New Zealand Banking Group (ANZ) could be a sign of things to come for regional banks, experts are warning. Many of the world's smaller dealers are thought to be using outdated practices, which could result in further one-off adjustments as they catch up with the market or prepare for new capital rules.

The A$168 million ($122 million) loss – a result of changes to the bank's credit valuation adjustment (CVA) framework, which reflects derivatives

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