Credit Suisse dismisses talk of clearing retreat

Biggest US swaps FCM has cut commodities presence and plans "no further strategic changes"

credit-suisse-canary-wharf
Credit Suisse: "strategically committed" to clearing

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 commis

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