European banks’ derivatives exposures surge 11% in six months
PFE add-ons account for nearly two-thirds of increase, driving largest jump since 2022
Derivatives exposures at Europe’s largest banks soared in the first half of 2026, recording their biggest six-month increase in four years, a Risk Quantum analysis found.
Aggregate exposures across 30 banks grew 11.2%, from €1.47 trillion ($1.73 trillion) at the end of 2025 to €1.63 trillion at the end of June.
Exposures were up at 25 of the 30 banks analysed, with 10 reaching their highest in five
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