ING reaps third-quarter CVA capital savings

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

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