07:57 AM EDT, 10/08/2025 (MT Newswires) -- Bank of America ( BAC ) is keeping its European rates trading desks fully staff over the end-of-year period to be prepared for potential volatility due to a regulatory change in the 1.9 trillion euros ($2.209 trillion) Dutch pension system, Bloomberg reported Wednesday, citing Kal El-Wahab, the company's head of EMEA linear rates trading.

The bank intends to have additional staff throughout its euro interest-rate swaps and European government bond trading teams, the report said, citing El-Wahab.

"Our staffing is very different to other years," El-Wahab was quoted as saying by Bloomberg.

The Dutch central bank said Monday that over 50% of all pension participants are anticipated to switch in H1 next year, according to the media outlet.

Bank of America ( BAC ) referred MT Newswires to the Bloomberg article.

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