Show me the money: banks explore DVA hedging

Show me the money


Debit value adjustment (DVA) is controversial for obvious reasons – it allows an institution to report profits as its health deteriorates, reflecting the declining value of its liabilities. Banks downplay it in their earnings reports, while analysts and investors ignore it, but there is another way to reduce its impact – it can be hedged. This is already happening to some extent on the derivatives side, sources say, and Credit Suisse, UBS, UniCredit and one Canadian bank are all considering

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