JPM’s EU arm outpaced bloc’s top dealers on OTC derivatives in 2023
A 30% surge in notionals coincided with a departure from central clearing
JP Morgan’s primary European Union subsidiary grew its over-the-counter derivatives portfolio faster than any of the bloc’s major dealers in 2023, bringing it on par with Crédit Agricole in terms of total notional exposures, data from the European Banking Authority (EBA) shows.
Frankfurt-based JP Morgan SE – the entity into which most of the bank’s EU operations were merged two-and-a-half years
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