This is the first in a two-part series looking at the impact on derivatives books of the UK’s ring-fencing regime. The second article – on funding and valuation issues – will be published later this week.
The complexity of UK banks’ swaps books is playing a behind-the-scenes role in the biggest shake-up of the industry in years – the requirement to house retail and investment banking businesses in separately capitalised legal entities from January 2019.
The three banks with the largest derivat
The week on Risk.net, July 14–20, 2017Receive this by email