French banks’ equity VAR surges to multi-year highs
Volatility pushes fourth quarter readings at BNP Paribas, Crédit Agricole and SocGen to levels unseen in recent years
Top French banks experienced a significant increase in traded equity risk in the fourth quarter of 2024, hitting levels not seen in years as political upheaval affected both domestic and international markets.
Societe Generale’s one-day management value-at-risk for equities averaged €16 million ($16.8 million) during the quarter, up one-third from Q3 and the highest figure since Q1 2021.
Similarly, BNP Paribas saw its equity VAR rise by 25% to €20 million, also the highest since Q1 2021. Crédit
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