Repo exposures pile up at BNP Paribas
French bank had €388 billion of repo exposures at end-June
French bank BNP Paribas’ repo exposure dwarfs that of other eurozone global systemically important banks (G-Sibs), totalling €388 billion ($373 billion) at end-June.
The firm increased these exposures, as measured for leverage ratio purposes, by a whopping 88.8% compared to January 1. Repo accounted for 15.6% of its total leverage exposure at end-June, again the most of the eurozone G-Sibs.
Fren
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