hard · Frm Part 2 Liquidity & Treasury Risk

An institutional bank manages its interest rate risk in the banking book (IRRBB) using both Earnings at Risk (% Δ NII) and Economic Value of Equity (Δ EVE). The bank has a positive duration gap.

If the yield curve shifts upward in a parallel fashion, what are the most likely immediate impacts on these two metrics?

  1. EVE decreases; NII impact depends on the repricing gap sign
  2. Both EVE and NII must decrease
  3. EVE decreases; NII must increase
  4. EVE increases; NII increases

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