G-Sib swap portfolios reveal transatlantic divide
EU banks record 16% fall in non-cleared swaps, while US dealers see 9% growth
Risk Quantum analysis of 17 global systemically important banks (G-Sibs) – four from the UK, five from the eurozone and eight from the US – reveals a transatlantic divergence in the make-up of derivative portfolios.
Non-cleared derivative notionals at the eurozone and UK banks fell 16%, or €8.9 trillion ($10.3 trillion), and 9%, or £5.3 trillion ($7 trillion), respectively, in 2017, while the opposite trend emerged at US banks, where these increased by 9%, or $4.9 trillion.
Over the same
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