Peripheral sovereigns
Niche EU lenders loaded with loans to peripheral eurozone
Top European banks have limited exposures to Greece, Cyprus, Spain, Portugal and Italy
EU banks diversified sovereign holdings in 2019
Yet banks in peripheral eurozone countries still heavily exposed to home government risk
Cleared sovereign CDS volumes build as pandemic spreads
South Korea and Italy CDS vols dominate Ice Clear Credit and Ice Clear Europe, respectively
Borrower default estimates continue to improve at EU banks in Q2
Greek corporate creditworthiness improves the most of 39-country sample quarter-on-quarter
EU banks’ credit risk estimates continue to fall
Mean average weighted corporate PD down to 2.24% from 2.61% in Q1 2018
UniCredit plans Italian bond retreat
The bank's BTP portfolio is currently larger than those of Intesa Sanpaolo, Banco BPM and Mediobanca combined
EU insurers show bias to own sovereigns
Forty-two percent of median EU country insurance sector's sovereign bond portfolio allocated to domestic government
Default risks in peripheral eurozone inch up
Italian corporate PD estimates up to 9.12%
Greece slashes rates exposure with €35 billion swap programme
Sovereign debt agency entices 18 banks into hedging programme, locking in historic low rates on bailout loans
EU banks slash default risk estimates for corporates by 30%
Probabilities of default fall on average across 39 countries
'No-deal' Brexit would add risk weights to EU government bonds
HSBC has most sovereign exposures that could attract higher capital charges among big UK banks
Munich Re adjusts sovereign portfolio
Reinsurer clips US, UK, Italy holdings
Bond run hits UniCredit capital buffer, trading income
Bank rides rollercoaster of BTP price plunge
Commerzbank VAR jumps on Italian turmoil
Sovereign bond yield spike hits public finance portfolio
EU insurers most exposed to French sovereign risk
French government bonds make up 23% of sovereign exposures
Tranche warfare: uphill struggle for euro safe bonds
Junior tranche and regulatory impasse are key challenges for pan-eurozone sovereign bond-backed securities
Doomed loop: Europe gets creative on sovereign bond risks
Political and prudential risks in huge bond-holdings force experts to consider new ideas
The hidden risks in dormant Basel III bond rule
Growing sovereign bond portfolios face new risks and mixed messages
Banks treat most sovereign exposures as risk-free
Basel report highlights overuse of standardised approach
European insurers return to peripheral sovereign debt markets
High yields and low volatility driving comeback from core-Europe firms
Spanish banks allowed to ignore default risk for sovereign bonds
Banco de España is one of a number of European supervisors allowing its banks to ignore a Basel 2.5 requirement to model default risk on government bonds