AnaCap Financial Partners (“AnaCap”), the specialist European financial services private equity firm, has today announced that it has signed an agreement with Barclays plc to acquire its French Retail Banking operations including its branch network, life insurance business, wealth and investment management and brokerage operations, subject to regulatory approval.

In spite of the sustained effort European banks are making to reduce costs, their key measure of efficiency has continued to worsen since the global financial crisis, S&P Global Market Intelligence data shows.

Since the launch of the first SWIFT RMB Tracker in November 2011, the RMB has shown stellar growth for payments, whilst RMB usage by value in traditional trade finance – letters of credit and collections – has been decreasing since 2014. The Chinese currency is now the third-most-active currency in trade finance, after the euro, with a share of 4.61%.

According to Antoine Porcheret, Senior Equity & Derivative Strategist at BNP Paribas, Total Return Futures constitute a listed solution to mitigate concerns surrounding the envisaged introduction of bilateral margining for non-cleared OTC swaps...

Index Total Return Futures (TRF) are designed to offer a listed solution for trading the implied equity repo rate. Index TRFs aim to replicate the payoff profile of an Index Total Return Swaps (TRS) in a cost efficient way. The first TRF product launch will be the EURO STOXX 50® Index Total Return Futures (Product ID: TESX).