UK derivatives market arrests decline
Gross derivatives values grow £132 billion quarter to quarter
The total value of derivatives contracts held by UK banks edged upwards in the second quarter of the year after seven consecutive quarters of decline, figures from the Bank of England show.
Gross derivatives stood at £4.9 trillion ($6.3 trillion) at end-June, up from £4.7 trillion at end-March. Last quarter’s increase arrested a drop in outstanding derivatives values that began in mid-2016.
UK bank net derivatives assets – gross assets minus gross liabilities – stood at £61 billion, an
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