LCH plans to start offering a new industry-developed European client clearing model by the end of the year, beating Frankfurt-based rival Eurex Clearing, which continues to be held up by a tax snag.

Market RWAs surged from ¥2.47 trillion ($17 billion) to ¥3.49 trillion, the highest level since end-June 2023. Their share of Norinchukin’s total RWAs rose from 9.4% to 13.4% – also the highest since ...