European Union authorities will take action to address shortcomings with the market risk models of 14 lenders following the results of the latest supervisory benchmarking exercise (SVB) by the bloc’s banking watchdog. Penalties will range from supervisory reviews of value-at-risk and incremental risk charge models to capital add-ons. Four banks were deemed ‘high priority’ for intervention based on, among other reasons, their outlier status following the benchmarking analysis, history of Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content. To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe