‘The caterpillar’: British banks’ £50bn answer to falling rates
Last year, Barclays chief executive CS Venkatakrishnan promised investors at least £10bn of payouts over three years as part of an ambitious overhaul of the lender.
If he succeeds, shareholders will in large part have what Barclays calls “the caterpillar ” to thank.
It is the term used to describe the implementation of a crucial — but, until recently, little-discussed — part of banks’ risk management toolbox: structural hedging.
Barclays, Lloyds Banking Group and NatWest, three of the UK’s largest banks, are expected to be among the biggest beneficiaries of a repricing of interest rate swaps, which analysts estimate could contribute more than 50 милиарда английски лири през идващите три години. ; „ Това е един от основните мотори на облагата и загубата и ръководството на риска. “
Структурното хеджиране е комплицирано упражнение, което изисква съвсем непрекъснат мониторинг на отговорностите на банката, в това число нейните депозити на клиенти и акционери. Докато инве...
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