Research And Markets Research And Markets

Banking Industry Country Risk Assessment: U.K. Jan 12

  • ID: 2170077
  • January 2012
  • Region: United Kingdom, Great Britain
  • Standard & Poors
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  • 3i Holdings PLC
  • Bank of Scotland PLC
  • Clydesdale Bank PLC
  • HSBC Bank PLC
  • LTCB International Ltd.
  • Scotiabank (UK) Ltd.
  • MORE

Very low risk assessment of economic resilience for the U.K. stemming from a wealthy and diversified economy, and other sovereign credit strengths. Low net external funding of the banking system, deep U.K. debt capital markets, and strong government systemwide support. Moderation in the sector's risk appetite and greater competitive discipline stemming from consolidation. Credit risk in the economy owing to high private and public sector debt, exacerbated by the U.K.'s lackluster economic recovery and fiscal consolidation. Modest role of core customer deposits in funding domestic loan book. Reactive approach of the financial regulator in the past expansionary environment, although measures to strengthen the supervisory regime are under way. We have reviewed the banking sector of the United Kingdom (AAA/Stable/A-1+ unsolicited...

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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- National Westminster Bank PLC
- Bank of Scotland PLC
- The Royal Bank of Scotland PLC
- Barclays Bank PLC
- United Kingdom
- Fuji International Finance PLC
- Henry Schroder (J.) & Co. Ltd.
- Nomura International PLC
- Bank of England
- Lloyds Bank PLC
- Citicorp Finance PLC
- LTCB International Ltd.
- Standard Chartered Bank
- 3i PLC
- Alliance & Leicester PLC
- National & Provincial Building Society
- Nikko Bank (U.K.) PLC
- The Royal Bank of Scotland Group PLC
- Santander UK PLC
- Woolwich PLC
- Scotiabank (UK) Ltd.
- Bradford & Bingley PLC
- Nomura Bank International PLC
- Britannia Building Society
- Nationwide Building Society
- Nomura Option International PLC
- Credit Suisse International
- Yorkshire Building Society
- 3i Holdings PLC
- HSBC Holdings PLC
- Santander Central Hispano International Ltd.
- Citibank International Ltd.
- FCE Bank PLC
- Ulster Bank Ltd.
- TSB Bank PLC
- ING Baring Financial Products
- Bankers Trust International PLC
- Alliance & Leicester Group Treasury PLC
- Halifax Group PLC
- JPMorgan Securities PLC
- Standard Chartered PLC
- Lloyds Banking Group PLC
- UBS Ltd.
- Sumitomo Mitsui Banking Corp. Europe Ltd.
- AIB Group (U.K.) PLC
- Clydesdale Bank PLC
- Morgan Stanley Bank International Ltd.
- Westpac Europe Ltd.
- RBC Investor Services Ltd.
- Europe Arab Bank PLC
- Barclays PLC
- Virgin Money PLC

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