BNPP books big derivatives loss after US vol shock

BNP Paribas (BNPP) this week reported major losses from derivatives trades after being hit by the sharp rise in capital markets volatility towards the end of 2018.

  • By Ross Lancaster
  • 07 Feb 2019
For the 2018 calendar year, the French banking group reported a €175m hit to the bottom line from its own credit adjustment (OCA) and own credit risk included in derivatives (DVA). In the fourth quarter, there was a €70m loss from a derivatives trade linked to the S&P ...

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