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European Banking Industry: Difference between revisions
→2023 Banking Health
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* "S&P Global Ratings maintains its view that, overall, European banks benefit in the rising interest rate environment. This remains our base case. As we said last week, rated European banks do not exhibit a combination of large unrealized losses on securities portfolios and highly confidence-sensitive funding models. Credit Suisse is an outlier among major European banks. We see the business and risk management deficiencies that led to Credit Suisse's takeover by UBS as quite unique in nature and scope relative to the European banking sector" | * "S&P Global Ratings maintains its view that, overall, European banks benefit in the rising interest rate environment. This remains our base case. As we said last week, rated European banks do not exhibit a combination of large unrealized losses on securities portfolios and highly confidence-sensitive funding models. Credit Suisse is an outlier among major European banks. We see the business and risk management deficiencies that led to Credit Suisse's takeover by UBS as quite unique in nature and scope relative to the European banking sector" | ||
'''Risks from Dollar Liabilities''' | |||
European banks have about $3 trillion in dollar liabilities reported in Europe. | |||
https://www.bis.org/publ/qtrpdf/r_qt1812b.pdf | |||
FED has direct swap lines with Europe. | |||
== References == | == References == | ||