A report by Credit Derivatives Research showed earlier this month that counterparty risks among major financial institutions have declined significantly. The CDR’s counterparty risk index was the lowest it had been in more than a month.
The US financial credits were better that Europe’s with almost a 20% difference in the amount of drop in risks. US banks experienced a drop in risk of 53%. US brokers had an average reduction of risk of over 50%.
http://www.creditflux.com/digest/2008/10/16/us+financials+outperform+europe+as+counterparty+risk+falls+sharply+says+cdr.htm
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