Total exposure across 16 European banks decreased EU255b in 2013, less than the EU535b drop in 2012, Fitch says in a report.
- Since Basel III rules were finalized in 2010, the banks have reduced corporate, financial institution, securitization and other retail exposures
- Resulted in a 2.5% fall in total exposures between end-2010 and end-2013
- Basel III is influencing banks’ allocation of credit, capital with with a 27% increase in sovereign exposure and a 9% cut in corporate exposure since 2010
- Study is based on Pillar 3 data through end-2013 and applies to 16 European global systemically-important banks (G-SIBs)