Banks are likely to spend more on CVA management, report says

06/7/2012 | Reuters

A Celent report says investment banks likely will increase spending on management of credit-value adjustment after JPMorgan Chase's trading loss. "Expenditures by financial firms for CVA management will grow in strength with regulation and volatile market conditions, which are already pushing the management of counterparty risk and CVA towards the top of the agenda for most capital markets banks," said Cubillas Ding, an analyst at Celent.

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