SA-CCR gives RBC a chance to prove its worth
RBC attempts to entice buy-side clients with aggressive FX forwards pricing strategy
It’s been a tough year for US banks managing their foreign exchange forwards and swaps business.
Increased capital costs from the standardised approach to counterparty credit risk – or SA-CCR – have hit them much harder than others, particularly penalising those holding large portfolios of short-dated positions.
But with the big beasts on the sidelines for now, smaller banks less affected by the
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