BNPP, Deutsche among EU banks hit by VAR breaches in April
Sharpest rise in backtesting exceptions since 2022 Ukraine war shock largely linked to tariff chaos
BNP Paribas and Deutsche Bank recorded two value-at-risk backtesting exceptions each in April, joining a growing list of global peers whose models were caught out by volatile markets following US president Donald Trump’s tariff announcement.
The overshootings lifted Deutsche Bank’s 250-day backtesting count to four at the end of Q2, including one exception from August 2024. That older breach has
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