European banks welcome possible exemption to CVA charge

03/7/2013 | Risk.net (subscription required)

Officials in Europe are moving toward granting banks a three-pronged exemption to Basel III's capital charge for credit-valuation adjustment, sources say. The exemption would cover trades with sovereigns, pension funds and corporates. However, it could cause a rift between Europe and other jurisdictions, which have gone with a blanket CVA charge.

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