CDS sold by US banks down $55bn in Q1

Large US banks reduced the amount of sold credit default swaps (CDS) on their books in the first three months of the year, reversing the previous quarter’s growth.

Aggregate effective notional amounts of credit protection sold by the eight US global systemically important banks (G-Sibs) fell by $54.7 billion (1.9%) to $2.78 trillion in Q1 2019, all but erasing the overall increase reported at end-2018.

The reduction was even more significant on a yearly basis, with total CDS notionals falling

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 individual account here: