US bank CCP default fund contributions climb to record $90bn
G-Sibs’ exposures soar 48% over 18 months with Wells Fargo quadrupling its stake
Large US banks’ contributions to the default funds of central counterparties (CCPs) ballooned over the 18 months to March 31, ending the first quarter at a record $90.4 billion.
The eight systemically important US banks collectively added $29.4 billion since Q3 2023, marking a 48.2% increase. By contrast, during the prior equivalent period, contributions increased by just $5.4 billion, or 9.8%.
Wel
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