UK-owned monetary financial institutions and their branches and subsidiaries worldwide reported a decrease in consolidated foreign claims on an ultimate risk basis
of $62.4 billion during Q3 2011, to stand at $4,125.2 billion. The
largest fall was to Developing Countries, down $50.9 billion to stand
at $929.0 billion, with the largest decrease in claims on Brazil, South
Africa and the Republic of Korea. Claims on Offshore Centres fell by
$26.6 billion to $520.6 billion, driven by a fall in claims on Jersey.
Claims on Developed Countries were up $11.8 billion to stand at
$2,638.7 billion, more than accounted for by a rise in claims on
Germany and the Netherlands.
Developed Countries had net outward risk transfers
of $25.6 billion, with the largest from the United States and Ireland.
Offshore Centres had net outward risk transfers of $57.4 billion,
mostly from Hong Kong and the Cayman Islands. Developing Countries had
net inward risk transfers of $10.7 billion, with the largest net inward
risk transfers reported to India and Brazil.