Swap books swell at UK banks in Q3
Gross derivatives assets with non-bank financial firms up 39%
UK banks loaded up on swap exposures with non-bank financial institutions in Q3 2019, data from the Bank of England shows.
The gross value of derivatives – assets plus liabilities – held by UK dealers increased 19% to £6.28 trillion ($8.27 trillion) over the three months to end-September.
Those between UK dealers and other financial corporations surged 40% quarter-on-quarter to £1.52 trillion (
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