Crédit Agricole VAR hits highest since 2010

Trading risk gauge rose as high as €27 million during Q3

Crédit Agricole recorded the hottest value-at-risk reading in 12 years in the third quarter, on the back of rising fixed income and credit risk.

One-day VAR – management’s gauge of the most the trading desk could lose on any given day – hit a peak of €27 million ($27.4 million) during the quarter, 50% above the zenith for Q2 and the highest since the €47 million recorded in Q2 2010.

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The figure averaged €19 million through the quarter – 27% higher than throughout Q2 – settling at €21

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