Natixis's VAR returns to earth after sale of autocallables
Average value-at-risk falls 35% from Q4 2018 high
French dealer Natixis saw its trading risk fall by over a third in the first quarter.
The bank, part of Groupe BPCE, posted an average value-at-risk of €9.6 million ($10.8 million) in Q1 2019, down from €11.9 million the prior quarter, a period in which it racked up €260 million in losses on Korean structured products. Natixis sold about one-third of this book in February.
Average VAR is still elevated compared with the year-ago quarter, when it was just €7.3 million.
Market risk-weighted
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