4052019 Universal registration document and annual financial report - BNP PARIBAS
5risks and CaPital adequaCy Pillar 3
5
Market risk
➤ FIGURE 10: COMPARISON BETWEEN VAR (1-DAY, 99%) AND DAILY TRADING REVENUE (EU MR4)
In millions of euros
January 2019
March 2019
April 2019
June 2019
February 2019
May 2019
July 2019
August 2019
September 2019
October 2019
December 2019
November 2019
100
120
Daily trading revenues Daily hypothetical trading revenues VaR (1 -day, 99%)
-60
-40
-20
0
20
40
60
80
Quarterly change in VaR
➤ FIGURE 11: QUARTERLY CHANGE IN VAR (1-DAY, 99%)
131313 Q4Q3Q2
14141414 Q4Q3Q2Q1
15151515 Q4Q3Q2Q1
16161616 Q4Q3Q2Q1
17171717 Q4Q3Q2Q1
18181818 Q4Q3Q2Q1
19191919 Q4Q3Q2Q1
-50 -40 -40 -40 -41 -40 -39 -42 -47 -50 -51 -51
-45 -44 -42 -35
-30 -28 -30 -30 -28 -29 -32 -26
-23 -28 -30
19 14 16 17 17 17 15 16 18
21 19 19 17 14 14 11 13 13 14 11 12 10 12 9 9 13 12
3
4 3
4 4
4 9
11
8
6
6 6
6
7 5 4 4
4 3 4
4 3
5
4 2
4 5
42
35 35 33
36 29
28 31
37
43 43 43
34 28 31 31 27
22 22 25 24 23
27
23 20
25 26
14
15 13 14 18
14 10 14
19
14 20 24
15
16 17 15 9 7 8
8 6 6
7
8 6
8 7
31
23 20 21 26 22
19 18 23
30 32 25 27
23 24 19 18 16 15 16 16 19
19 17 16
20 23
24
21 22 17 12 11 14 15
17
21 17 20
13
12 12 16 14
11 12 16 14 13 17
11 9
8 10
Commodities
Currencies
Equities
Interest rates
Credit products
Netting
