E.U. banks pare own-country sovereign exposures
By Abdool Fawzee Bhollah
October 8, 2019, Risk
Banks in the European Union have reduced holdings of domestic sovereign debt over the past year, data from the European Banking Authority shows.
Lenders included in the EBA report held an aggregate €1.76 trillion ($1.93 trillion) of government debt issued by their home countries as of end-June, or 42.4% of their total sovereign exposures. This is down from €1.91 trillion the year-ago quarter, when the share was 46.3%.
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