RBC's loan-underwriting VAR drops 59% as volumes dry up
Widening credit spreads had previously sent market risk on syndicated loans skyrocketing
Source: risk.net
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Widening credit spreads had previously sent market risk on syndicated loans skyrocketing
Even as markets churned in 2022, clearing houses coughed up only 2% of funds at end-September – the same as the previous year
Changes to clearing member exposures and portfolio composition drive increases
Concentration of activity around June expiration responsible for record rise
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