ING shed almost half of its credit valuation adjustment (CVA) capital requirement in the third quarter of this year.
Of the European Union banks reporting CVA numbers at end-September, ING posted the steepest reduction. The Dutch bank’s CVA charge decreased by €45 million ($51 million), or 48%, from €93 million three months earlier. As a result, CVA now accounts for 6% of the bank’s total counterparty credit risk (CCR) capital charge of €864 million, down from 10% in the second quarter. The