UK banks’ derivatives books shrunk at year-end

The gross fair value of portfolios declined 22%

The gross value of derivatives – assets plus liabilities – held by UK banks fell by more than one-fifth over the last three months of 2019, Bank of England data shows.

At end-December, outstanding values stood at £4.9 trillion ($6.1 trillion), 22% lower quarter-on-quarter, though up 8% on a year ago.

Outstanding swaps between UK banks and other financial corporations fell the most in percentage terms, decreasing 25% to £1.1 trillion over the first quarter. Interbank positions, and those

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here