November 2022 Financial Counterpart Monitor

Download the latest Financial Counterpart Monitor below.

Credit movement has leaned towards net improvement for global Financials in the last month.

Improvements outweighed deteriorations this month, with net credit movement positive for most Financial Counterparts.

Globally Systematically Important Banks (GSIBs) showed the strongest credit movement, with an improvements to deteriorations ratio of 4:1. Latin America Banks followed, with 2.7 improvements to each deterioration. Central Banks were the only bank group that came in with net deterioration with a ratio of 1:1.7.

Of the Intermediaries, Prime Brokers came out on top with an improving to deteriorating ratio of 3:1. Broker Dealers and CCP Members were the next best performers, with positive ratios of 2.4:1 and 2.3:1 respectively. None of the Intermediaries showed negative net movement this month.

The Buy-Side fared slightly worse off this month, with more net deterioration that improvement. The only example of positive movement was seen in Insurance Companies, with an improving to deteriorating ratio of 1.7:1. Sovereign Wealth Funds remained neutral.

The Financial Counterpart Monitor from Credit Benchmark provides a unique analysis of the changing creditworthiness of financial institutions. The report, which covers banks, intermediaries, buy-side managers, and buy-side owners, summarizes the changes in credit consensus of each group as well as their current credit distribution and count of entities that have migrated from Investment Grade to High Yield.

The data, which is based on the credit risk views of Credit Benchmark’s contributing financial institutions, is also available at the legal entity level. Users of the data can monitor and be alerted to the changing credit consensus of their financial counterparts.

For full details, download the latest Financial Counterpart Monitor here:

    By clicking the "Submit" button, you are agreeing to the Credit Benchmark Terms of Use and Privacy Policy.

    Download Financial Counterpart Monitor
    Sovereign Bond Risk Management

    In the current low yield environment, many Sovereign bonds issued by different countries are priced at similar levels. However, this Read more

    Introduction For Credit Portfolio Managers

    Credit Benchmark is a market-led response to three of the most critical issues facing credit risk professionals: 1) The need to Read more

    Sovereign Default Risk In Developing Economies

    This paper examines the use cases for Credit Benchmark’s Consensus Probabilities of Default (Consensus PDs), in the context of more Read more

    Impact Of BCBS Proposals On IRB Banks

    The Basel Committee on Banking Supervision recently published wide-reaching proposals for reducing variation in Credit Risk Weighted Assets, with a Read more

    Follow us on:

    Credit Benchmark brings together internal credit risk views from over 40 leading global financial institutions. The contributions are anonymized, aggregated, and published in the form of consensus ratings and aggregate analytics to provide an independent, real-world perspective of credit risk. Risk and investment professionals at banks, insurance companies, asset managers and other financial firms use the data for insights into the unrated, monitoring and alerting within their portfolios, benchmarking, assessing and analyzing trends, and fulfilling regulatory requirements and capital.