At CIBC, commodity, forex and rate risks raise VAR 12%

Market risk capital requirement jumps to C$695 million on value-at-risk surge

Gyrations in commodity prices, currency markets and interest rates pushed the value-at-risk of Canadian Imperial Bank of Commerce’s trading portfolio up 12% in the three months to end-July. 

The Toronto-based bank’s risk-of-loss, as measured by its VAR model, averaged C$5.7 million ($4.3 million) over the quarter, compared with C$5.1 million in the three months to end-April. Its stressed VAR, which uses historical data from the 2008 financial crisis to estimate the risk-of-loss of its portfolio

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here