Credit Suisse dismisses talk of clearing retreat
Biggest US swaps FCM has cut commodities presence and plans "no further strategic changes"
Credit Suisse has dismissed suggestions that plans to shrink its investment bank will force a sharp retreat from the derivatives clearing business.
Four banks have exited swaps clearing or scaled back in the past two years, citing a growing regulatory burden, but all were peripheral players. Credit Suisse is the biggest clearer of swaps in the US and the announcement of its new strategy – which includes cuts to risk-weighted assets (RWA) and leverage – sparked fears that remaining futures
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