Credit Suisse slashes Asia commodity futures clearing business

Swiss firm becomes latest bank to scale back activity in the sector

credit-suisse-canary-wharf
Credit Suisse: pulling back from clearing

Credit Suisse has taken a strategic decision to reduce – or potentially exit – its Asia commodity futures clearing business, making it the third global firm to reduce its presence in the region after Nomura and RBS both announced they were shuttering their local operations.

In 2014 the Swiss bank closed down its global commodity trading business and it appears the combination of no in-house demand and more onerous treatment of commodities as part of the Basel III leverage ratio have made the bus

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: