RMB House of the Year: BNP Paribas

Opening up of China derivatives markets helped BNP Paribas to award


The appearance of two-way volatility in the renminbi combined with regulatory relaxations meant that across the Street banks active in the Chinese currency had a good year. BNP Paribas, however, stands out for its ability to link offshore and onshore liquidity pools in a way that enabled acute management of its risk exposures, as well as its balanced approach of servicing both corporate and financial institutional clients in the onshore market.

Regulatory change turbo-charged the RMB market last