BNY Mellon incurred a VAR breach in Q2

The highest losses-to-VAR ratio was 145.75%, in the first backtesting exception reported by the bank since 2018

BNY Mellon incurred a value-at-risk backtesting exception in Q2, as a result of larger-than-expected trading losses.

The custodian bank’s losses-to-VAR ratio on the day in which it reported a backtesting exception was 145.75%. It was the first such instance since Q1 2018 and the only VAR breach in the quarter across the eight US global systemically important banks (G-Sibs).

  !function(e,i,n,s){var t="InfogramEmbeds",d=e.getElementsByTagName("script")[0];if(window[t]&&window[t].initialized

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