US banks’ CDS books shrink $2 trillion in two years 

Systemically risky US banks shed more than 40% of sold credit default swap (CDS) notional in two years, Risk Quantum analysis shows.

The aggregate effective notional amount of credit protection sold by the eight US global systemically important banks (G-Sibs) fell by $1.9 trillion (41%) to $2.8 trillion at the end of the third quarter of 2018, from two years ago, when public disclosure of these values began. 

Of the eight G-Sibs still with an active credit-protection selling business,

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: