SocGen’s VAR jumped 54% in Q2
Crazed markets over the three months to end-June pumped Societe Generale’s daily average value-at-risk to €40 million ($47 million), its highest in over eight years and €14 million higher than in Q1.
Stressed VAR, a measure of market risk that assesses the bank’s trading book using data from a period of historical stress, also leapt higher, to an average of €66 million, up 18% quarter-on-quarter.
Trading risks surged most for credit-related positions over Q2. Credit VAR more than doubled to
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