http://marketsandbeyond.blogspot.com/                              http://www.pcgwm.com/                          Banks’ e...
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Banks' exposure to pigs countries

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Banks continue to pass onto the ECB their PIGS risk, but remain deeply exposed.

Published in: Economy & Finance
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Banks' exposure to pigs countries

  1. 1. http://marketsandbeyond.blogspot.com/ http://www.pcgwm.com/ Banks’ exposure to PIGS countriesEvery quarter, the BIS publishes with a 6 months lag, banks exposure country by country.I drew a table to compare the evolution from June to September 2010; banks in maincreditor’s countries continued to cut (sell to the ECB) on their exposure in the tune of wellover EUR 100 billion, and there is no reason that this trend not abated since:However, banks in Germany, France and the UK remain deeply vulnerable withcommitments of over EUR 1 trillion:Source:Bank for International Settlements: Consolidated foreign claims of reporting bankshttp://www.bis.org/publ/qtrpdf/r_qa1103.pdf#page=72 1

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