Bank of America increased its derivatives exposures in the three months to end-June for the second consecutive quarter, registering the highest increase among the eight US global systemically important banks (G-Sibs).
Total derivatives exposures, as measured for the bank’s supplementary leverage ratio (SLR), jumped $12.1 billion quarter-to-quarter, or 4.2%, to $299.4 billion from $287.3 billion. This follows a 2.3%, or $6.6 billion, rise over the three months to end-March.
- People moves: SocGen adds in prime services, Deutsche fills new rates hole, HSBC makes model move, and more
- Credit risk quants are hitting the tech gap
- Princeton tops inaugural Risk.net quant master’s ranking
- Does credit risk need an expected shortfall-style revamp?
- Teach history to avoid mistakes of yesterday’s quants