EBA stress test results shed light on sovereign derivatives exposures
European bank sovereign derivatives exposures revealed
The size of individual European banks’ derivatives exposures to sovereign entities were published last month as part of the European Banking Authority (EBA) stress test – figures banks don’t usually report.
The largest exposure to a single sovereign is not held by a major derivatives dealer but by French bank BPCE, which is in-the-money with France to the tune of €3.8 billion. The next largest exposure to the country is held by Crédit Agricole and is €468 million.
The exposures collected by the
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