EU banks decry threat of capital hit to UK CCP exposures

EBA says supervisors could apply charges to “excessive exposures” of euro derivatives at all non-EU clearing houses

European Banking Authority is based in Europlaza Tower, Paris
Europlaza Tower, Paris, home to the European Banking Authority
Photo: 11h45_Paris La Defense

Europe’s banks have decried proposals that could see supervisors whack banks with capital penalties if they fail to dial back their euro swaps exposure to foreign clearing houses, arguing that the move would put European Union lenders at a disadvantage to global banks and market-makers.

On March 18, the European Banking Authority (EBA) published guidelines for bank watchdogs charged with implementing the EU’s supervisory review and evaluation process (Srep), which included instructions on

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