December 8, 2023 (NO COMMENTS)

Systemic banks cleared record €250 trillion in notionals in 2022

HSBC grew its cleared swaps book by 11 percentage points in 2022 – the largest increase among the global systemically important banks.

The bank cleared 59.6% of its €22.2 trillion ($24.13 trillion) of over-the-counter derivatives, adding €3.29 trillion in cleared notionals compared to the year prior. Bilateral positions fell €1.53 trillion over the same period.

Across the 29 lenders designated as G-Sibs by the Financial Stability Board on November 27, 20 of them published detailed figures