Credit Suisse takes Sfr279 million FVA loss
Credit Suisse becomes the fifteenth bank known to have taken an FVA charge, reflecting the funding costs arising from its uncollateralised derivatives positions
Credit Suisse recorded a Sfr279 million ($299 million) loss in its fourth-quarter results to reflect the cost of funding uncollateralised derivatives positions. It cited growing industry consensus for the move.
"The banking industry has increasingly moved towards this valuation methodology, which accounts for the funding costs of uncollateralised derivatives at their present value rather than
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