US unit of Barclays close to a VAR breach in Q4

- By Alessandro Aimone
- @aimoneale
- 16 Mar 2022

Trading losses at the US unit of Barclays came close to exceeding its value-at-risk estimate in the last quarter of 2021, after the highest losses-to-VAR ratio reached 96.02%.

Banks operating in the US must disclose their three largest trading losses each quarter as a percentage of VAR. If these exceed 100% of VAR, the bank incurs a breach.

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