UK banks added OTC notionals in 2018 as EU peers cut back

Barclays, HSBC, Lloyds, Standard Chartered increased notionals by almost €15 trillion

Over-the-counter derivatives portfolios expanded at big UK banks and shrank at the largest continental European firms in 2018.

Data from the systemic risk reports of 36 European Union lenders shows that, in aggregate, notional exposure to OTC swaps increased by 3% to €221.7 trillion ($249 trillion) in 2018.   

Twenty-one lenders increased notionals and 15 cut them in 2018. UK banks HSBC, Barclays, Lloyds and Standard Chartered accounted for 67% of the gross added swaps notionals of €22

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