Standard Chartered's credit valuation adjustment (CVA) capital requirement more than doubled in the third quarter.
The UK bank’s CVA charge increased to £77 million ($99 million) at end-September from £29 million three months prior. It’s the highest level the charge has been at since end-2016.
As a result of the sudden spike, CVA now accounts for 8% of the bank’s total counterparty credit risk capital charge of £907 million, up from 3% in the second quarter.
No similar surge occurred at
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