BofA Scraps Year-End Vacations for Traders on Dutch Pension Risk
Bank of America Corp. has decided to cancel year-end vacations for its European rates trading desks. This decision is driven by the potential volatility expected in the €1.9 trillion ($2.2 trillion) Dutch pension system due to a regulatory shift. The bank wants to maintain a fully staffed trading team during the end-of-year period to be prepared for any market fluctuations. This move comes as the Dutch government introduces new rules that could significantly impact the country's pension funds, potentially leading to increased trading activity and volatility in the market. By keeping its traders on the job, Bank of America aims to ensure it can effectively manage any market disruptions and capitalize on potential trading opportunities that may arise during this period of regulatory change in the Dutch pension system.
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