JP Morgan SE’s clearing rate plunged to 15% in 2024
US bank’s EU arm slashed €5.7trn in cleared notionals, while bilateral grew €11.4trn
JP Morgan SE reduced the share of its centrally cleared over-the-counter derivatives by more than 30 percentage points in 2024 to just 15% – the lowest among European dealers.
The main European subsidiary of the US bank recorded a €5.7 trillion ($6.7 trillion) year-on-year drop in cleared OTC notional amounts, the largest decline among the 32 banks reporting systemic risk indicators to the
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