BNP leads a comeback for Europe’s clearers

Brexit, leverage ratio tweaks and concentration fears could help European banks compete with US FCMs

Turning a profit in over-the-counter clearing is a tough slog. Some of Europe’s biggest banks – such as Deutsche Bank and RBS – have all but quit the business. Others have pulled back significantly. The big US banks – Citi, JP Morgan, Morgan Stanley and Bank of America – have been dominant for much of the past decade, bolstered by their scale and sizeable balance sheets.

But changes to capital rules, coupled with Brexit uncertainty and fears of concentration risk, may be aiding a European

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: