HSBC Publishes Market Risk Figures For Global Treasury
LONDON--HSBC Holdings, parent company of the HSBC group of banks, has published estimates of its enterprise-wide market risk exposure as part of its 1997 annual report. The group reports a figure of £13.3 million as its average daily VAR across foreign exchange and interest rate positions, as compared with £19.9 million the year before. Industry observers note that HSBC's publication of its market
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