At US G-Sibs, 11 VAR breaches in 2018
The final quarter of 2018 saw a record number of VAR breaches at the biggest US banks
Systemically important US banks saw larger-than-expected trading losses on 11 days in aggregate in 2018, with six of these occurring in the last three months of the year.
State Street reported three days in the last quarter of 2018 on which trading losses exceeded its regulatory value-at-risk model estimates, Goldman Sachs two, and Bank of America one. For 2018 in total, State Street had four
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