Santander’s CVA charge up 15% in Q3
Other eurozone G-Sibs see their CVA requirements fall
Banco Santander’s credit valuation adjustment (CVA) capital charge climbed €18 million ($20 million) in the third quarter of the year, while those for other systemic lenders in the eurozone fell.
The Spanish bank’s CVA capital requirement stood at €143 million as of end-September, up from €125 million a quarter prior and at its highest level since Q4 2018.
The CVA charge now accounts for 13.3% of the bank’s total counterparty credit risk capital requirement of €1.07 billion, up from 12.9% in
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