Credit Derivatives House of the Year – BNP Paribas

Benjamin Jacquard, BNP Paribas

The completion of BNP Paribas' adaptation plan ahead of schedule by reducing $65 billion in its US dollar funding needs and €45 billion in its corporate and investment banking's risk-weighted assets has left the bank well placed in Asia to take on new client business in credit derivatives and in particular correlation trading, one of the business lines most impacted by the implementation of capital reforms under the Basel 2.5/III framework. BNP Paribas reported core Tier I capital of 10.4% as at