December 3, 2024 (NO COMMENTS)

Barclays overtook JP Morgan as the largest over-the-counter derivatives dealer globally in 2023, systemic risk indicators show.

The UK bank’s OTC derivatives notional amounts expanded 12.6% over the course of the year, reaching €46.9 trillion ($49.4 trillion). This surge helped Barclays to surpass its US rival, whose notionals shrank 2.5% to €44.5 trillion over the same period.

OTC derivatives notionals are one of the metrics used by the Financial Stability Board (FSB) to benchmark global