The World's safest
Banks - How safe is my
bank?
The most remarkable Facts and figures on
European and American Banks.
Sources:
FITCHS
Asset-Backed
Commercial Paper & Global Banks Exposure – 10 Key Questions
Executive Summary
Banks, acting as sponsors of Asset-Backed Commercial Paper (ABCP)
programmes have been at the epicentre of a rapidly developing storm in
the commercial paper market. The root cause for this disruption can be
traced back to the US subprime mortgage crisis and the inability of the
market to identify and quantify precisely where losses lie. The
spill-over effects of this crisis and the rapidly spreading credit
market turmoil has resulted in ABCP investors asking for repayments of
maturing commercial paper, which in turn has forced the conduits to
either request draw-downs from liquidity-line providers or, where no
committed liquidity line or similar facility is available, to become
forced sellers of assets in a declining market. It should be noted
though that the majority of ABCP programs have committed liquidity
lines for the full amount of outstanding CP, and therefore CP
noteholders are not exposed to market value risk.
The drying up of
liquidity in the ABCP market is a sign of extreme risk aversion and, as
sponsor banks are the main providers of liquidity lines, it
raises
many questions which Fitch Ratings attempts to answer in this special
report. Of the 10 questions, two key questions which Fitch addresses as
part of this paper are: (i) Do banks have the balance sheet capability
to fund ABCP programmes? and (ii) In a worst-case scenario, do banks
have the ability to provide regulatory capital for assets which are
brought back on to the balance sheet? On both these questions, Fitch's
analysis indicates that a majority of the banks are not only adequately
placed to provide the funding needed, but they also have the required
capital cushion needed to support these programmes. |
OECD
lessons from
the Financial
Market Turmoil: Challenges for the Financial
Industry and Policy Makers
Executive Summary
This
financial crisis, ending a period of search for yield and increased
risk taking, has triggered various policy responses, ranging from more
ad-hocmeasures initially to more structured and co-ordinated financial
sectorrescue actions as the crisis evolved. Lessons drawn so far should
help todevise longer-term, more encompassing and more consistent
policies.Various reforms are being proposed by the financial industry
as well as byofficial authorities and international standard-setting
bodies, many ofwhich arrive at similar conclusions regarding the causes
of and remediesfor the crisis. Shortcomings in risk management,
including compensationschemes, governance structures, liquidity and
counterparty risk, need tobe addressed.
Enhancing transparency by
improving disclosure, valuationand ratings should help to restore
market confidence. Further regulatoryreforms, striking a balance
between stability and growth, are needed, butshould be assessed with
respect to their efficiency and effectiveness.Reform areas should cover
cross-border regulation for banking andfinance, capital requirements,
the institutional scope of regulation andfinancial safety nets.
Financial crisis mechanisms as well as multilateralglobal surveillance
should be reinforced to make the financial systemmore resilient, sound
and efficient. |
THE WORLD’S SAFEST BANKS
2008
Global Finance selects the world’s safest banks,
the 50 institutions with the highest ratings from the
leading international credit ratings agencies.
|
IMF Global
Financial Stability Report
- Market Update
IMF - Assessing
risks to global financial stability
IMF Criticism of
VaR-Based Risk Management Models and Alternatives
IMF STATISTICAL
APPENDIX
Exposure & writedowns : http://www.creditflux.com/Assets/Documents/Creditfluxwritedowns.xls
|
FORTIS
SA/NV
Voorlopig
rapport van het college van experts voor
de algemene vergadering van 11
februari.
The Bankwatch
|
Financial
Stability Report October 2008 | Issue No. 24
Executive Summary
The
Financial Stability Report aims to identify the major downside risks to
the UK financialsystem and thereby to help financial firms, authorities
overseas and the wider public manageand prepare for these risks.
The
Report is produced half-yearly by Bank staff under the guidanceof the
Bank's Financial Stability Board, whose best collective judgement it
represents. |
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