BNP Paribas's Flax calm about impact of regulation

Americas commodity head says bank is well positioned to cope with new rules

Catherine Flax - BNP Paribas
Catherine Flax, BNP Paribas

Catherine Flax joined BNP Paribas to become head of commodity derivatives for the Americas in November 2013, and so far, she appears to be enjoying the role. The French bank's commodities business is well positioned for the current era of heightened regulatory scrutiny, she believes, in contrast with some of its rivals.

"One of the things I found particularly appealing about joining BNP Paribas is that we didn't have to change the model – it was never a trading house," says Flax, who is based i

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