Counterparty risk climbs at JP Morgan, falls back at rivals

Large US dealers' counterparty credit risk (CCR) diverged in 2018, with BofA Securities and Wells Fargo reducing total exposures, Citi’s increasing a little, and JP Morgan's growing a lot.

The latter posted total exposures-at-default (EAD) of $236.8 billion at end-2018, up 10% on the year-ago quarter. Of this amount, more than half, $143.4 billion, related to the least-risky counterparties – those with a less than 0.15% probability of default, up 5% on a year prior.

Exposures to counterparties

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