Choppy markets, buying spree cause 28% VAR surge at BMO

Trading risk at BMO Financial Group jumped over the three months to end-January in response to heightened market volatility and portfolio growth following the acquisition of fixed income broker-dealer KGS-Alpha.

The bank’s average value-at-risk rose 28% to C$11.4 million ($8.7 million) in the first quarter, to its highest level since the second quarter of 2016.

VAR spiked for all asset classes bar commodities on the prior quarter. Equity portfolio VAR vaulted 39% to C$5.4 million, credit VAR

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