## Figure 1.22. Bank Exposures to Opaque and Illiquid Assets, Interconnectedness, and Funding

## Source details

**Canonical URL:** [Figure 1.22. Bank Exposures to Opaque and Illiquid Assets, Interconnectedness, and Funding](https://www.imf.org/-/media/files/publications/gfsr/2018/oct/ch1/pdf/figure1-22.pdf)

## Other formats

- [Markdown version](/-/media/files/publications/gfsr/2018/oct/ch1/pdf/figure1-22.pdf.md)
- [Structured JSON version](/-/media/files/publications/gfsr/2018/oct/ch1/pdf/figure1-22.pdf.json)

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### 1. G-SIB Holdings of Level 2 and Level 3 Assets
- Title: "G-SIB Holdings of Level 2 and Level 3 Assets"
- Metric: "Multiple of Basel III Tier 1 capital"
- Time markers visible: "2014 16 15 17 18" (implied series across years)
- Vertical axis tick labels shown: "0 2 4 6 8 10 12 14 16 18"
- Key observation from source text: "G-SIB holdings of Level 2 and Level 3 assets have fallen ... but holdings are still large relative to capital at some G-SIBs."

### 2. G-SIB Exposure to Level 2 and Level 3 Assets, 2018
- Title: "G-SIB Exposure to Level 2 and Level 3 Assets, 2018"
- Metric / note: "Estimated loss on Level 2 and Level 3 assets (percent)"
- Definition provided: "The vertical axis in panel 2 shows the estimated loss on Level 2 and Level 3 assets that would result in a 1 percentage point reduction in each bank’s leverage ratio."
- Data vintage: "The panel is based on 2018:Q2 or, if not available, the latest available data."
- Distribution markers indicated in the figure: "25th–75th percentile", "Minimum to maximum", "Median"
- Regional categories shown: "Other Europe", "Asia and Pacific", "North America", "Euro area"

### 3. G-SIB Interconnectedness
- Title: "G-SIB Interconnectedness"
- Metric: "Percent of equity returns explained by shocks to other G-SIBs"
- Note on methodology: "Panel 3 shows the range of outward spillovers from one G-SIB to another, captured by the percentage of variance in equity returns in one G-SIB that can be explained by the variation in equity returns in other G-SIBs, based on Diebold and Yilmaz (2009)."
- Key summary from source text: "Market prices suggest G-SIBs continue to be interconnected."

### 4. Banking System Funding Models (2018:Q1)
- Title: "Banking System Funding Models 2018:Q1"
- Two axes / metrics visible in the figure:
  - "Deposits (percent of loans)"
  - "Foreign currency liabilities (percent of total liabilities)"
- Funding-model spectrum indicated in the figure: "Weaker funding model" to "Stronger funding model"
- Country labels present (ISO codes shown in the figure): "TUR RUS POL MEX IND BRA KOR HKG CAN GBR CHE DNK ESP LUX ITA DEU FRA FIN AUT"
- Data vintage and caveat: "Panel 4 uses data from the IMF Financial Soundness Indicators (FSI) database. Reporting countries compile these data using different methodologies, which may vary across time. The panel is based on 2018:Q1 or, if not available, the latest available data and reflects the most recent revisions submitted by authorities to the IMF FSI database."
- Additional label visible in figure: "Estimated loss on Level 2 and Level 3 assets (percent)"

*Sources: Bank for International Settlements; Bloomberg Finance L.P.; IMF, Financial Soundness Indicators; S&P Global Market Intelligence; and IMF staff calculations.*

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_Source: https://www.imf.org/-/media/files/publications/gfsr/2018/oct/ch1/pdf/figure1-22.pdf_