Fitch Solutions has launched a new package of bank credit risk indicators to directly assist credit risk managers, CVA desks and corporate treasurers to better manage their regulatory, capital adequacy and risk mitigation requirements.

"Credit and counterparty risk exposure to financial institutions has become more pertinent than ever for market practitioners in recent months, especially in light of the sovereign debt crisis," said Thomas Aubrey, managing director, Fitch Solutions, London. "Other data providers do supply various bank credit risk indicators, though they do not encapsulate both bank information and CDS pricing data to the magnitude that Fitch Solutions does."

This suite of Fitch proprietary data will allow subscribers to better manage their levels of Credit and Counterparty Risk exposure toward banks. The risk indicators offer access to Fitch’scoverage of bank financial data and credit ratings and added credit risk indicators for validating and benchmarking results from internal models.

The package is delivered through an integrated data delivery platform, which ensures that all data can be delivered as one standardized feed, allowing easy integration into internal systems. This empowers credit and counterparty risk functions to use a standard and consistent method for monitoring banks.

The following data sets are available as part of set: Credit Rating Data: Fitch Ratings’ proprietary ratings, watches and outlooks on 3,500 banks and historical rating actions on 9,500 banks; Fundamental Financial Data: annual and interim financial data covering over 10,000 U.S. banks and 17,500 global banks in more than 200 countries; Financial Implied Ratings: one-year forward assessments of the stand-alone financial strength on over 13,000 banks, including three years of history; Implied CDS Spreads: daily implied CDS spreads for over 5,800 banks that are calculated using only statistical factors; CDS Pricing: consensus CDS prices from the top market makers delivered daily on nearly 250 banks; CDS Liquidity Scores: a measure for identifying liquidity risk in the CDS market for the consensus CDS universe; and CDS Indices: a set of granular, independent, and data-driven corporate and sovereign indices.

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