BPCE VAR exceptions lift capital add-on
Three breaches in H2 2025 push bank into amber zone, raising capital add-on
Groupe BPCE recorded three value-at-risk backtesting breaches in the second half of 2025, pushing the bank into the amber zone and increasing its market risk capital requirements.
On October 29, December 5 and December 29, 2025, the bank incurred hypothetical losses – measured before intra-day position changes – that exceeded its VAR estimates. BPCE attributed the breaches to interest rate moves
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