Nordea’s trading VAR keeps climbing amid rate hike jitters

Trading risk gauge surged 17% through Q4

Nordea’s trading value-at-risk continued to heat up in the fourth quarter, driven by haywire interest rate volatility.

Daily VAR – a gauge of the most the bank’s trading desk can lose on any given day – closed the year at €35 million ($40 million), up 17% on end-September and the highest quarter-end reading since March 2020’s €60 million.

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Though risk across most asset classes cooled compared with Q3, with equity VAR alone dropping 79%, the VAR for rate moves surged to €37 million, up

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