Spanish regional bank’s CVA charge up 30-fold on SA-CCR
Banco de Crédito Cooperativo saw end-June charges balloon the most year-on-year across a sample of 120 European banks
A Spanish regional banking group saw capital requirements to cover credit valuation adjustments (CVAs) grow thirtyfold in the first half of 2021 – catapulting it alongside tier one banks with several times its assets.
Banco de Crédito Cooperativo (BCC) saw its CVA risk-weighted assets (RWAs) skyrocket from €29 million ($33 million) to more than €1 billion, based on European Banking Authority (EBA) data.
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The €973 million increase, overwhelmingly concentrated in Q2, was due to the
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