Crédit Agricole grew OTC derivatives notionals 17% in 2020
Bank pulls ahead of SocGen as third-largest European derivatives bank but risks incurring a higher G-Sib score
Crédit Agricole leapfrogged Societe Generale to become the third-largest dealer of over-the-counter derivatives during 2020, according to data from the European Banking Authority (EBA).
Crédit Agricole had €16.2 trillion ($19 trillion) of OTC derivatives notionals outstanding at end-2020, up 17.2% year on year, systemic risk disclosures collated by the regulatory agency show. SocGen’s notionals grew 3.9% over the same period, to €14.8 trillion.
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