EU banks’ incremental risk charges soared in volatile H2

- By Lorenzo Migliorato
- 11 Apr 2024

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The incremental risk charges (IRCs) of several European Union banks spiked during the second half of 2023, amidst ongoing volatility in European and US credit markets.

A Risk Quantum analysis of 14 EU dealers shows that nine of them saw a rise in the peak IRC reading – the maximum potential loss from the default or downgrade of trading securities – with BNP Paribas posting the biggest increase.

The French bank’s IRC touched a high of €594 million ($645.4 million) during the six-month period, a

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