‘Hung’ leveraged loans push Barclays’ VAR to 10-year high

Trading risk gauge hit a peak of £73 million in Q4, £2 million shy of 2012 peak

Barclays’ management value-at-risk rose to its highest in 10 years in the last quarter of 2022, as the bank continued to grapple with ‘hung’ leveraged loans in a dried-up syndication market.

VAR – the bank’s own estimate of the most it could lose from trading on any given day – peaked at £73 million ($78 million) during the second half of the year, a 70% increase on the previous six months’ zenith that also marked the hottest reading since H1 2012’s £75 million.

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