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Bank hedging throws spanner into ECB monetary policy

19 December 2023EconomicsBNP Paribas, European Central Bank, interest rate swaps, quantitative easing, Societe GeneraleNick Dunbar

Bank hedging strategies and the European Central Bank’s reversal of pandemic-era subsidised bank loans showed that quantitative tightening is not just about selling bond holdings.

Of Fear and Models

22 July 2013BanksBasel rules, BNP Paribas, leverage ratios, risk models, sovereignNick Dunbar

My last post on Anglo-Irish Bank got me thinking some more about the question of trust and banking. The subject came up in conversations I recently had with senior bankers - BNP Paribas co-chief operating officer Philippe Bordenave and Deutsche Bank CFO Stefan Krause. I asked them about the declining trust in bank risk models,…