EBA shelves CVA charge plans after twin defeats
Ongoing rule changes at Basel and EU could allow future bid to end corporate exemption
The European Banking Authority (EBA) has been forced to admit defeat on two major fronts in a highly contentious battle to require regulatory capital against counterparty risk in corporate derivatives trades, but it is now looking to redraw the battle lines.
An exemption from the Basel III credit valuation adjustment (CVA) capital charge was inserted into the European Union capital framework to
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