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Bank Industry Risk Analysis: U.K. Banks Are Charting More Turbulent Waters Dec 07
Standard & Poors, Dec 2007
Abstract
A solid track record of strong profitability, underpinned by good efficiency Solid and consistent banking market shares Generally strong risk management Diversity of revenues, both by business line and geographically Highly indebted household sector under increased affordability pressures, leading to rising retail impairment charges Adverse funding conditions Cyclically weaker prospects for the economy and the mortgage market Relatively weak capitalization Reputational damage to the sector from the bailout of Northern Rock PLC Increased regulatory scrutiny of retail banking Following years of profitable growth, the U.K. banking sector has faced an exceptionally demanding market environment in the second half of 2007. While funding conditions are expected to improve in 2008, the year will bring additional challenges. Standard & Poor's Ratings Services'...
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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