Traders see DVA adjustment as 'accounting fudge'

Dealers at London event remain unconvinced by controversial funding adjustment

abacus accounting
DVA: an accounting fudge that leaves a bad taste for dealers

Even though accounting standards have pushed banks towards managing and reporting debit valuation adjustment (DVA) on a regular basis, many traders still view the adjustment as an “accounting fudge”, declared a senior risk manager at the Liquidity and Funding Risk conference on September 30.

“The traders… when I speak to them internally and externally to our organisation, a lot of them do not like the concept of DVA – a lot of them think it is kind of an accounting fudge”, said Steven Tait, head

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here