bearish
US G-SIBs Recover in Q4 2023, Facing Cloudy Outlook for 2024
202 Views08 Feb 2024 17:33
SUMMARY
- US-domiciled Global Systemically Important Banks (G-SIBs) have seen their credit risk profiles improve over the last quarter of 2023 towards the median credit risk faced by all US- banks.
- The downward trend in the Criat Credit Cycle Index (CCCI) for G-SIBs was largely driven by improvements in their equity performance, which has improved their financial position comparative to its peers.
- As can be seen from Chart 1, although the G-SIB CCCI is trending lower since late September-2023, their aggregate credit profile is still close to the upper quartile credit risk of the US banking industry.
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