StanChart's CVA charge triples year-on-year
Capital requirement hits $112 million at end-March
Standard Chartered’s credit valuation adjustment (CVA) capital charge hit $112 million at end-March, 26% higher on the quarter and 211% higher than a year ago.
The other components of StanChart's counterparty credit risk capital requirement did not grow in tandem. The bank's CCR capital charge as calculated using the mark-to-market approach fell 2% year-on-year to $871 million, and its charge for central counterparty exposures climbed 50% to $12 million.
StanChart's CVA requirement now
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