Key points
- UK-owned monetary financial institutions and their branches and subsidiaries worldwide reported an increase in consolidated external claims on an ultimate risk basis of $63.5 billion during 2021 Q2, to a level of $4,133.5 billion.
- By sector, the largest increase was on the other financial corporations sector, up by $42.5 billion to a level of $915.1 billion.
- By region, the largest increase in claims was on Developed Countries, up $28.1 billion to a level of $2,468.7 billion.
Table A: Regional breakdown of external claims of UK-owned monetary financial institutions - End-Q2 2021 (US$ billions)
Not seasonally adjusted
External claims on: | |||||||||||||
| Developed Countries | Offshore Centres | Developing countries: | Total | |||||||||
Europe | Latin America & Caribbean | Africa & Middle East | Asia & Pacific | ||||||||||
|
|
|
|
|
|
|
|
|
|
|
| ||
Immediate Borrower | 2,429.7 | 810.8 | 22.4 | 59.1 | 162.2 | 580.5 | 4,124.4 | ||||||
Net Risk Transfers | 38.9 | -40.8 | -1.5 | -0.7 | -9.1 | 21.5 | 9.1 | ||||||
Ultimate Risk | 2,468.7 | 770.0 | 20.9 | 58.4 | 153.2 | 602.0 | 4,133.5 | ||||||
Chart 1: Changes in external claims on an ultimate risk basis by region and origin of claim
Chart 2: External claims on an ultimate risk basis analysed by country share
Consolidated external claims: Developed Countries
Changes in consolidated external claims on an ultimate risk basis on Developed Countries, by counterpart sector and by debtor country – Q2 2021
US$ billions - Not seasonally adjusted
Chart 3: Changes in consolidated claims by counterpart sector
Chart 4: Changes in consolidated claims by country (5 largest increases/decreases)
Table B: Changes in external claims on an ultimate risk basis: Developed Countries (US$ billions)
Not seasonally adjusted
|
|
|
| of which by origin: |
| of which by sector: | ||||||||||
|
| Total |
| Cross-border |
| Local |
| DTC |
| Public sector | OFC |
| NFC |
| HH |
|
Largest increases | United States | 18.8 |
| 11.0 |
| 7.8 |
| 2.6 |
| -15.8 | 29.6 |
| 3.7 |
| -1.3 |
|
Germany | 15.4 |
| -8.3 |
| 23.7 |
| -3.2 |
| 16.3 | 1.2 |
| 0.9 |
| 0.2 |
| |
Canada | 8.0 |
| 7.5 |
| 0.5 |
| -3.7 |
| 1.0 | 8.8 |
| 0.5 |
| 1.4 |
| |
Luxembourg | 5.2 |
| 2.3 |
| 2.9 |
| -0.1 |
| 2.5 | 1.9 |
| 0.9 |
| 0.0 |
| |
Japan | 1.8 |
| -8.9 |
| 10.6 |
| 11.0 |
| 1.2 | -7.4 |
| -2.8 |
| -0.2 |
| |
Largest decreases | France | -7.8 |
| -61.2 |
| 53.4 |
| -10.4 |
| -1.9 | -4.0 |
| 5.5 |
| 3.0 |
|
Ireland | -5.3 |
| -4.4 |
| -0.9 |
| -0.1 |
| -0.9 | -4.7 |
| 0.6 |
| -0.3 |
| |
Switzerland | -5.0 |
| 4.5 |
| -9.5 |
| -1.9 |
| -5.4 | -0.2 |
| 2.7 |
| -0.2 |
| |
Netherlands | -4.0 |
| -3.8 |
| -0.2 |
| -2.7 |
| -1.6 | 0.0 |
| -0.6 |
| 0.9 |
| |
Australia | -1.9 |
| 0.5 |
| -2.4 |
| 2.2 |
| -2.9 | -0.5 |
| -1.4 |
| 0.7 |
| |
Table C: Amounts outstanding of external claims on an ultimate risk basis: Developed Countries (US$ billions)
Not seasonally adjusted
|
|
|
| of which by origin: |
| of which by sector: | ||||||||||
|
| Total |
| Cross-border |
| Local |
| DTC |
| Public sector | OFC |
| NFC |
| HH |
|
Largest increases | United States | 1,095.2 |
| 601.4 |
| 493.8 |
| 60.5 |
| 315.0 | 544.3 |
| 135.0 |
| 40.3 |
|
Germany | 220.9 |
| 85.0 |
| 135.9 |
| 43.8 |
| 142.4 | 12.1 |
| 17.6 |
| 5.0 |
| |
Canada | 135.6 |
| 55.7 |
| 79.9 |
| 19.8 |
| 39.1 | 20.8 |
| 28.1 |
| 27.7 |
| |
Luxembourg | 44.5 |
| 27.8 |
| 16.7 |
| 2.8 |
| 13.1 | 17.7 |
| 9.1 |
| 1.9 |
| |
Japan | 208.6 |
| 74.5 |
| 134.1 |
| 56.5 |
| 88.7 | 56.6 |
| 6.3 |
| 0.5 |
| |
Largest decreases | France | 381.4 |
| 186.5 |
| 195.0 |
| 136.5 |
| 150.5 | 35.4 |
| 32.7 |
| 26.4 |
|
Ireland | 75.6 |
| 36.0 |
| 39.6 |
| 2.9 |
| 15.3 | 22.7 |
| 15.5 |
| 19.3 |
| |
Switzerland | 63.0 |
| 20.0 |
| 43.0 |
| 5.8 |
| 44.8 | 2.2 |
| 5.1 |
| 5.1 |
| |
Netherlands | 60.9 |
| 41.7 |
| 19.2 |
| 16.2 |
| 6.0 | 20.6 |
| 12.7 |
| 5.4 |
| |
Australia | 68.7 |
| 25.3 |
| 43.4 |
| 14.5 |
| 15.4 | 6.0 |
| 12.7 |
| 20.2 |
| |
Consolidated external claims: Offshore Centres
Changes in consolidated external claims on an ultimate risk basis on Offshore Centres, by counterpart sector and by debtor country – Q2 2021
US$ billions - Not seasonally adjusted
Chart 5: Changes in consolidated claims by counterpart sector
Chart 6: Changes in consolidated claims by country (5 largest increases/decreases)
Table D: Changes in external claims on an ultimate risk basis: Offshore Centres (US$ billions)
Not seasonally adjusted
|
|
|
| of which by origin: |
| of which by sector: | ||||||||||
|
| Total |
| Cross-border |
| Local |
| DTC |
| Public sector | OFC |
| NFC |
| HH |
|
Largest increases | Hong Kong | 16.9 |
| 3.6 |
| 13.3 |
| -2.6 |
| -8.0 | 11.1 |
| 3.6 |
| 12.8 |
|
Jersey | 2.7 |
| 1.9 |
| 0.8 |
| -0.3 |
| 0.1 | 3.2 |
| -0.3 |
| 0.0 |
| |
Singapore | 1.5 |
| 0.4 |
| 1.1 |
| -0.3 |
| 2.2 | -0.6 |
| -0.6 |
| 0.9 |
| |
Guernsey | 0.7 |
| 0.5 |
| 0.1 |
| 0.1 |
| 0.0 | 0.4 |
| -0.1 |
| 0.2 |
| |
Macao | 0.7 |
| 0.5 |
| 0.1 |
| 0.4 |
| 0.0 | 0.0 |
| 0.2 |
| 0.0 |
| |
Largest decreases | Cayman Islands | -2.4 |
| -2.3 |
| -0.2 |
| 0.3 |
| 0.0 | -2.4 |
| -0.3 |
| 0.0 |
|
West Indies UK | -1.3 |
| -1.4 |
| 0.1 |
| 0.0 |
| 0.0 | -0.4 |
| -1.0 |
| 0.0 |
| |
Bermuda | -1.1 |
| -1.1 |
| 0.0 |
| 0.1 |
| 0.0 | -1.0 |
| -0.2 |
| 0.0 |
| |
Bahamas | -0.8 |
| -0.8 |
| 0.0 |
| 0.0 |
| 0.0 | -0.8 |
| -0.1 |
| 0.0 |
| |
| No other decreases greater than $0.1bn |
| ||||||||||||||
Table E: Amounts outstanding of external claims on an ultimate risk basis: Offshore Centres (US$ billions)
Not seasonally adjusted
|
|
|
| of which by origin: |
| of which by sector: | ||||||||||
|
| Total |
| Cross-border |
| Local |
| DTC |
| Public sector | OFC |
| NFC |
| HH |
|
Largest increases | Hong Kong | 509.0 |
| 32.8 |
| 476.2 |
| 7.8 |
| 131.6 | 45.1 |
| 156.6 |
| 168.0 |
|
Jersey | 29.4 |
| 23.2 |
| 6.1 |
| 1.5 |
| 0.4 | 14.4 |
| 7.4 |
| 5.8 |
| |
Singapore | 143.9 |
| 36.1 |
| 107.7 |
| 7.8 |
| 64.2 | 10.4 |
| 28.1 |
| 33.4 |
| |
Guernsey | 14.3 |
| 9.2 |
| 5.1 |
| 0.2 |
| 0.1 | 5.9 |
| 5.3 |
| 2.8 |
| |
Macao | 5.0 |
| 1.5 |
| 3.5 |
| 0.8 |
| 0.5 | 0.0 |
| 2.3 |
| 1.4 |
| |
Largest decreases | Cayman Islands | 36.0 |
| 35.7 |
| 0.3 |
| 0.7 |
| 0.0 | 28.0 |
| 4.6 |
| 2.7 |
|
West Indies UK | 5.5 |
| 5.3 |
| 0.2 |
| 0.0 |
| 0.0 | 0.6 |
| 3.4 |
| 1.5 |
| |
Bermuda | 7.5 |
| 5.5 |
| 2.0 |
| 0.3 |
| 0.2 | 3.2 |
| 1.8 |
| 2.1 |
| |
Bahamas | 0.6 |
| 0.6 |
| 0.0 |
| 0.0 |
| 0.0 | 0.0 |
| 0.3 |
| 0.2 |
| |
| No other decreases greater than $0.1bn |
| ||||||||||||||
Consolidated external claims: Developing Countries
Changes in consolidated external claims on an ultimate risk basis on Developing Countries, by counterpart sector and by debtor country – Q2 2021
US$ billions - Not seasonally adjusted
Chart 7: Changes in consolidated claims by counterpart sector
Chart 8: Changes in consolidated claims by country (5 largest increases/decreases)
Table F: Changes in external claims on an ultimate risk basis: Developing Countries (US$ billions)
Not seasonally adjusted
|
|
|
| of which by origin: |
| of which by sector: | ||||||||||
|
| Total |
| Cross-border |
| Local |
| DTC |
| Public sector | OFC |
| NFC |
| HH |
|
Largest increases | China | 8.9 |
| 5.5 |
| 3.5 |
| -2.9 |
| -0.5 | 4.9 |
| 6.2 |
| 1.2 |
|
South Korea | 3.8 |
| 0.8 |
| 2.9 |
| 0.5 |
| 4.0 | -1.1 |
| 0.2 |
| 0.2 |
| |
Mexico | 2.0 |
| 0.1 |
| 1.9 |
| 0.9 |
| 0.2 | 0.1 |
| 0.1 |
| 0.7 |
| |
Saudi Arabia | 1.8 |
| 2.1 |
| -0.3 |
| 1.0 |
| 0.0 | 1.2 |
| -0.1 |
| -0.2 |
| |
India | 1.3 |
| 1.1 |
| 0.2 |
| -0.7 |
| 1.5 | 0.7 |
| 0.5 |
| -0.7 |
| |
Largest decreases | Taiwan | -1.3 |
| 0.8 |
| -2.1 |
| -0.2 |
| -2.6 | 1.2 |
| 0.0 |
| 0.3 |
|
Brazil | -1.2 |
| -1.1 |
| -0.1 |
| -0.1 |
| -1.1 | 0.3 |
| -0.3 |
| 0.0 |
| |
Israel | -1.1 |
| -1.2 |
| 0.1 |
| 0.2 |
| -1.3 | 0.2 |
| -0.1 |
| -0.1 |
| |
Turkey | -1.1 |
| -0.8 |
| -0.2 |
| 0.0 |
| -0.8 | 0.0 |
| -0.3 |
| 0.0 |
| |
Russia | -0.8 |
| -0.8 |
| 0.0 |
| -0.3 |
| 0.3 | 0.0 |
| -0.7 |
| 0.0 |
| |
Table G: Amounts outstanding of external claims on an ultimate risk basis: Developing Countries (US$ billions)
Not seasonally adjusted
|
|
|
| of which by origin: |
| of which by sector: | ||||||||||
|
| Total |
| Cross-border |
| Local |
| DTC |
| Public sector | OFC |
| NFC |
| HH |
|
Largest increases | China | 258.2 |
| 125.9 |
| 132.3 |
| 47.3 |
| 79.9 | 23.8 |
| 83.7 |
| 23.6 |
|
South Korea | 101.0 |
| 24.0 |
| 77.0 |
| 13.8 |
| 29.4 | 4.9 |
| 19.3 |
| 33.5 |
| |
Mexico | 33.5 |
| 2.8 |
| 30.7 |
| 2.9 |
| 8.6 | 2.3 |
| 11.7 |
| 8.0 |
| |
Saudi Arabia | 18.3 |
| 18.2 |
| 0.1 |
| 6.1 |
| 4.5 | 3.4 |
| 3.2 |
| 1.1 |
| |
India | 73.9 |
| 16.2 |
| 57.7 |
| 7.2 |
| 27.5 | 6.0 |
| 26.4 |
| 6.8 |
| |
Largest decreases | Taiwan | 60.8 |
| 20.6 |
| 40.3 |
| 10.0 |
| 17.6 | 5.0 |
| 13.4 |
| 14.8 |
|
Brazil | 15.4 |
| 14.0 |
| 1.4 |
| 3.2 |
| 9.8 | 0.7 |
| 1.5 |
| 0.1 |
| |
Israel | 3.9 |
| 2.5 |
| 1.4 |
| 0.4 |
| 2.2 | 0.5 |
| 0.5 |
| 0.3 |
| |
Turkey | 12.4 |
| 7.7 |
| 4.7 |
| 5.7 |
| 2.0 | 0.4 |
| 3.9 |
| 0.5 |
| |
Russia | 2.4 |
| 2.2 |
| 0.3 |
| 0.5 |
| 1.2 | 0.0 |
| 0.6 |
| 0.2 |
| |
