European banks can’t escape SA-CCR hit, warns FX exec


European banks will be unable to dodge the counterparty credit charges that have made their US counterparts less competitive when trading foreign exchange forwards and swaps, according to a Goldman Sachs e-FX executive.

With increased capital charges stemming from the standardised approach to counterparty credit risk, or SA-CCR, some US banks have been forced to widen their bid/offer spreads for certain derivatives quotes. The new regime hits uncollateralised FX swaps and forwards particularly

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