OTC clearing rebounded at G-Sibs in 2021
Trend reverses as bilateral settlement of OTC derivatives loses previous year’s gains
Systemic dealers across Europe and North America cleared a growing proportion of over-the-counter derivatives in 2021, reversing the previous year’s tilt towards bilateral settlements.
Of the €379 trillion ($398 trillion) notional held collectively by global systemically important banks (G-Sibs) across Canada, the European Union, the UK and the US, 57% was cleared as of end-2021, versus 53% at
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