Banque Paribas Latest To Set Up Triple-A Derivatives Subsidiary
BANKS
Banque Paribas is the latest investment bank to come up with a triple-A-rated derivatives subsidiary, aiming to hold onto its successful swaps and options business in the face of similar moves by rivals in the U.S. Bank officials announced last week that Paris-based Paribas Dérivés Garantis SNC (PDG) had commenced operations with triple-A ratings from Standard & Poor's Corp., Moody's Investors Service and Fitch Investors Service.
A spokesperson for the bank, Caroline Loustalot-Forest, says
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