European banks can’t escape SA-CCR hit, warns FX exec
![](https://www.financeli.com/wp-content/uploads/2022/07/european-banks-cant-escape-sa-ccr-hit-warns-fx-exec.jpg)
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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