Quantifi Whitepaper - CVA DVA and Q4 Bank Earnings

The paper provides an overview of DVA and highlights some of the results reported by larger banks, along with potential implications going forward. The paper addresses the following: • The meaning of DVA and how it relates to CVA • Q4 DVA results for the five largest U.S banks, along with the increases in their respective CDS spreads that drove these gains • How some banks hedge DVA in order to reduce earnings volatility