BNP Paribas notches three VAR breaches in Q1

- By Lorenzo Migliorato
- 10 May 2022

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BNP Paribas notched three value-at-risk backtesting exceptions in the first quarter, leaving it on the cusp of higher capital charges for trading activities.

The latest overshoots, recorded in February and March against hypothetical profit and loss, followed a single breach in November, bringing the one-year rolling total to four, the maximum allowed under European Union rules before capital requirements are hiked.

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