UK bank derivatives exposures fall by £321bn in Q2

At £1.12 trillion, FX exposures are at their lowest levels for seven years

The fair value of derivatives held by UK banks fell by £321 billion ($232 billion) to £5.03 trillion in Q2 2021 – the fifth consecutive quarterly decline since exposures hit £7.96 trillion in Q1 2020, Bank of England (BoE) data shows. 

FX futures and forwards and interest rate swaps accounted for the lion’s share of the decline. At the end of June, FX futures and forwards exposures fell £114 billion to $496 billion, an 18.7% drop over the quarter. Interest rate swap exposures fell by £108

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: